TAC Raises $11.5 Million to Integrate DeFi on Telegram

TAC, a blockchain infrastructure designed to support Ethereum Virtual Machine (EVM) decentralized applications (dApps) within the TON and Telegram ecosystems, has successfully raised $11.5 million in funding. This capital was secured through a combination of seed and strategic investment rounds, with the latter being a $5 million round led by Hack VC. This funding round underscores the growing institutional confidence in TAC’s mission to integrate blockchain technology within Telegram, a platform known for its extensive user base in the digital asset space.

The strategic round, led by Hack VC, is set to accelerate TAC’s mission by advancing developer tooling and onboarding leading EVM dApps onto the TON and Telegram ecosystems. Pavel Altukhov, Co-Founder and CEO of TAC, emphasized the significance of this investment, stating that it will be instrumental in bringing blue-chip projects to Telegram’s global user base. This strategic backing from leading investors aligns with TAC’s vision of making it seamless for Ethereum dApps to be deployed within the Telegram ecosystem.

TAC is currently progressing through a phased rollout towards the launch of its mainnet. During the DevMainnet stage, prominent DeFi projects such as Curve, Morpho, and Euler have begun deployment, with over 20 top-tier applications preparing for full Mainnet integration. This initial activity is expected to provide the ecosystem with substantial liquidity, established DeFi foundations, and immediate functionality within Telegram once the public launch occurs.

The pre-mainnet liquidity bootstrapping initiative, called The Summoning, has attracted notable participation from major funds, liquidity providers, and infrastructure stakeholders. With over $700 million in total value locked prior to the public Mainnet release, this level of institutional support demonstrates strong confidence in TAC’s position as a DeFi layer on TON. This liquidity will be essential in powering key DeFi services from the outset, facilitating real yield generation and effective market operations at launch.

Curve, Morpho, and Euler have developed dedicated Telegram Mini Apps (TMAs), enabling native access to their products within Telegram. Simultaneously, widely used consumer TMAs are starting to incorporate DeFi features on their backend, providing yield generation and financial services to users who may not be familiar with cryptocurrencies. TAC views this integration within the Telegram superapp as a key driver toward achieving widespread adoption.

The successful funding round and the strategic partnerships with leading DeFi protocols position Telegram as a potential DeFi power hub with substantial liquidity and user engagement. As TAC continues to advance towards its mainnet launch, the integration of DeFi services within the Telegram ecosystem is expected to drive significant user engagement and liquidity, further solidifying Telegram’s role in the digital asset space.