TOP Newsletter Summer 2025

Intro by Andrew Rogozov, Founder and CEO at The Open Platform:

"This summer marked a defining chapter for The Open Platform and the broader TON–Telegram ecosystem. TOP became the first unicorn in the TON-based economy within Telegram, reaching a $1 billion valuation. This milestone validates strong ecosystem performance — with TOP at the forefront.

We’re grateful for the support of Ribbit Capital, Pantera Capital, and Kingsway Capital as we continue working to bring crypto to billions of users.

👛 On July 22, Wallet in Telegram began rolling out in the US via TON Wallet — the first self-custodial crypto wallet natively integrated into a mainstream messaging platform in the United States. This marks the first step in a broader US expansion: from now on, users can easily hold and send crypto to each other and engage with thousands of TON-based Web3 MiniApps inside Telegram.

In parallel, two of our portfolio projects — TAC and STON.fi — closed significant investment rounds, underscoring growing institutional confidence in TON infrastructure. TAC raised $11.5 million across its seed and strategic rounds to bring Ethereum DeFi apps into Telegram, while STON.fi secured $9.5 million in a Series A round to scale cross-chain DeFi and strengthen TON’s liquidity layer.

🚀 We’ve also been focused on expanding partnerships beyond TON. The launch of tokenized Gold (XAUt) and Ethena Protocol on TON is a prime example of how hundreds of millions of Telegram users can gain seamless access to capital markets and strategies previously unavailable to retail audiences.

This is only the beginning: in 2025, we plan to bring even more assets and strategies to the users — further strengthening the TON ecosystem with every new partnership.

I’m thrilled about the road ahead — stay tuned!"

🔝 Download the full report:
TOP Newsletter Summer 2025

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