The Open Platform has reached a $1 billion valuation after completing a series A funding round, becoming the first unicorn in the TON-based ecosystem in Telegram to reach this milestone.
The funding round, led by Ribbit Capital and supported by key players like Pantera Capital, has raised $28.5 million, with a total of $70 million secured in this and the previous round.
The Open Platform, built on the TON Blockchain, aims to expand geographically with a focus on the U.S., EU, and other regions. The funding will support initiatives like go-to-market strategies, regulatory compliance, and security enhancements.
The project, led by CEO Andrew Rogozov, plans to leverage Telegram's global reach to scale blockchain product adoption. Its consumer-facing apps like Wallet in Telegram and Tonkeeper aim to bring blockchain technology to everyday digital experiences.