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Telegram’s TON Blockchain Builder The Open Platform Raises $28.5 Million, Hits $1 Billion Valuation
Telegram’s TON Blockchain Builder The Open Platform Raises $28.5 Million, Hits $1 Billion Valuation
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BTCCSquare news:
The Open Platform (TOP), a leading developer of TON blockchain-based products, has secured $28.5 million in extended Series A funding, catapulting its valuation to $1 billion. This milestone marks the birth of the first unicorn within the TON ecosystem.
Ribbit Capital spearheaded the investment round, with Pantera Capital joining as a participant. The deal saw investors acquiring nearly 5% of TOP's equity, reflecting robust confidence in the company's strategic vision. Total capital raised now exceeds $70 million.
The funding will accelerate global expansion of TON-based applications, targeting key markets including the U.S. and EU. TOP aims to onboard 1 billion users through seamless integration with Telegram's messaging platform.
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