Catenaa, Sunday, July 13, 2025-The Open Platform (TOP), a leading developer within Telegram’s crypto ecosystem, has closed a $28.5 million Series A round, hitting a $1 billion valuation and securing its place as the first unicorn built on The Open Network (TON).
The funding round, led by Ribbit Capital, brings TOP’s total raised capital to over $70 million.
TOP has developed key infrastructure for Telegram’s blockchain ambitions, including Wallet in Telegram, TON Connect protocol, the Getgems NFT marketplace, and token swap tool STON.fi.
The firm plans to use its new capital to expand operations across the US and Europe, accelerating adoption of blockchain-powered consumer tools like payments, games, and creator platforms directly inside Telegram.
CEO Andrew Rogozov said the platform’s growth strategy is built around product scaling, legal compliance, and infrastructure partnerships. He noted that Telegram’s decision to exclusively support the TON blockchain has helped streamline development, driving growth across the ecosystem.
TOP’s rise has paralleled the surge of tap-to-earn games such as Hamster Kombat and Notcoin on TON, drawing millions of Telegram users into blockchain-based applications. Rogozov believes this user engagement is critical, stating that success will be measured by mass interaction with TON-based apps inside the messenger.
As TON continues to integrate staking services, games, and financial tools, The Open Platform is positioning itself as the backbone of a new consumer blockchain experience embedded natively within Telegram’s global reach.
