TON Wallet, backed by Pantera Capital, raises $28.5 million for global expansion, with the investment led by Ribbit Capital.
The funding round was entirely in equity, focused on scaling services into new markets and building legal and operational infrastructure.
The company plans to expand its wallet services into regulatory-heavy markets like the U.S. and Europe and invest in blockchain-based games and AI products on the TON network.
The TON ecosystem, with more than $70 million raised to date, sees renewed confidence and aims to serve as a gateway between Telegram's user base and decentralized applications.