Catenaa, Thursday, July 17, 2025- The Open Platform (TOP), a leading developer of blockchain innovations within Telegram’s ecosystem, has achieved a $1 billion valuation after raising $28.5 million in an extended Series A funding round.
The investment was led by Ribbit Capital, with participation from Pantera Capital, reflecting strong confidence in TOP’s role in building the TON blockchain ecosystem.
Built on the scalable, decentralized TON blockchain, The Open Platform is focused on expanding its portfolio of consumer-facing apps and foundational infrastructure for Telegram’s global user base exceeding one billion.
The newly raised funds will support strategic growth across the US, European Union, and other regions, emphasizing regulatory compliance, security, and market expansion.
CEO Andrew Rogozov highlighted the synergy between TON Blockchain and Telegram’s reach, aiming to onboard a billion users to blockchain-based financial services and applications.
TOP’s offerings include Wallet in Telegram, Tonkeeper crypto wallet, STON.fi swap dApp, NFT marketplace Getgems, creator monetization platform Tribute, and the viral Tap-to-Earn game Notcoin.
Ribbit Capital’s founder, Micky Malka, praised TOP’s vision to integrate blockchain seamlessly within Telegram, calling it a “new frontier” for global users and builders.
Pantera Capital’s partner Ryan Barney echoed this enthusiasm, underlining the opportunity to support products with mass adoption potential.
The investment marks a milestone for the TON ecosystem, which has attracted over $400 million in institutional interest this year from leading venture capital firms, signaling accelerating momentum for blockchain integration within mainstream platforms.
