TAC Raises $11.5 Million for Ethereum dApps on Telegram

TAC, a blockchain designed to facilitate Ethereum Virtual Machine (EVM) decentralized applications (dApps) within the Telegram Open Network (TON) and Telegram ecosystem, has successfully raised $11.5 million through its seed and strategic funding rounds. The latest $5 million strategic round was led by Hack VC, underscoring the growing institutional confidence in TAC's mission to enhance blockchain functionality within Telegram, one of the most user-rich environments in the cryptocurrency space.

Ed Roman, Managing Partner at Hack VC, highlighted the investment philosophy of his firm, stating, "At Hack VC, we invest in teams building the future of the internet. TAC is an exceptional team with a deep understanding of infrastructure and growth, backed by years of experience in the space. Leading this strategic round reflects our conviction in TAC’s ability to shape how Ethereum dApps reach global users through Telegram and TON."

TAC is on the verge of its mainnet launch, currently in a phased rollout. During the ongoing DevMainnet phase, prominent DeFi protocols such as Curve, Morpho, and Euler are already deploying their applications. Over 20 leading applications are preparing for Mainnet integration, ensuring that upon TAC's public launch, the ecosystem will boast deep liquidity, proven DeFi primitives, and immediate user utility within Telegram.

Pavel Altukhov, Co-Founder and CEO of TAC, emphasized the company's commitment to providing EVM developers with the tools and reach necessary to deploy their applications within Telegram’s billion-user ecosystem. He stated, "This strategic round accelerates our mission to bring Ethereum applications to everyday users and lays the groundwork for the next wave of TON-native consumer apps."

TAC's pre-mainnet liquidity bootstrapping campaign, The Summoning, has garnered significant interest from leading funds, liquidity providers, and infrastructure players. With over $700 million in total value locked (TVL) secured ahead of the public Mainnet launch, this institutional-grade backing reflects deep confidence in TAC’s role as a DeFi layer for TON. This liquidity will power core DeFi applications from day one, enabling real yield and market functionality at launch.

Michael Egorov, Founder of Curve, expressed enthusiasm about the partnership, stating, "Going live on Telegram and TON via TAC can allow Curve to reach a new audience who aren’t yet on DeFi. TAC chose a great approach of bringing battle-tested EVM applications there. We are happy to be one of the first to deploy and bring Curve to these new users."

Curve, Morpho, and Euler have already developed dedicated Telegram Mini Apps (TMAs), making their products natively accessible within Telegram. Concurrently, popular consumer TMAs are beginning to integrate DeFi functionality on the backend, distributing yield and financial tools to non-crypto users. TAC views this convergence within the superapp Telegram as the path to mass adoption.

TAC is a purpose-built blockchain designed to enable EVM dApps to access the TON and Telegram ecosystem’s over 1 billion user base. By making it seamless for Ethereum dApps to be deployed on TON, TAC brings EVM functionality and liquidity to the TON ecosystem, allowing builders to focus on consumer use cases.