Jul 3, 02:35 PM

Telegram Wallet Developer TOP Secures $28.5 Million at $1 Billion Valuation

The Open Platform, the Abu Dhabi-based developer behind Telegram’s TON blockchain wallet, has become a unicorn after closing a $28.5 million Series A round that values the company at $1 billion. Venture firm Ribbit Capital led the financing, with additional funding from Pantera Capital, in exchange for roughly 5% of TOP’s equity, according to chief executive Andrew Rogozov. TOP has now raised more than $70 million across several rounds to advance applications on The Open Network, the blockchain selected by Telegram for its crypto services. The fresh capital will be used to expand Telegram’s built-in Wallet to the United States and Europe and to incubate additional TON-based projects, including blockchain games and AI services.

#Open Platform #Abu Dhabi #Telegram #Ribbit Capital #Pantera Capital #TOP #Andrew Rogozov #The Open Network #Wallet #United States #Europe

Written with ChatGPT .

Telegram Wallet Developer TOP Secures $28.5 Million at $1 Billion Valuation

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