The Open Platform (TOP), the developer behind Telegram’s crypto wallet built on the TON blockchain, has achieved a $1 billion valuation after raising $28.5 million in an extended Series A round. The funding was led by Ribbit Capital and included Pantera Capital, with no tokens issued—only equity. With over $70 million raised to date, TOP aims to expand its crypto wallet services to the U.S. and Europe, enhance regulatory compliance, and support TON-based applications such as blockchain games and AI tools. Leveraging Telegram’s massive user base, TOP is positioning itself as a key player in mainstreaming crypto adoption globally.