The Open Platform in Telegram has become the first unicorn in the TON-based ecosystem with a $1 billion valuation after completing its Series A funding round led by Ribbit Capital and Pantera Capital.
The raised $28.5 million in an extended Series A funding round, bringing the total funding secured by The Open Platform to over $70 million, showcasing investor confidence in its ability to drive blockchain ecosystem growth in Telegram.
The investment will support the geographic expansion of TOP's portfolio companies across the U.S., EU, and other regions, focusing on regulatory licensing, compliance infrastructure, and security enhancements.
The Open Platform aims to leverage TON Blockchain in conjunction with Telegram's global reach to onboard a billion users to crypto, offering various products and apps to drive mainstream adoption of blockchain technology.