The Open Platform receives billion-dollar valuation

The Open Platform (TOP) recently achieved “unicorn” status as the first company within TON ecosystem to receive a valuation of $1 billion. This valuation comes as TOP secured $28.5 million in an extended Series A funding round, led by Ribbit Capital, also featuring Pantera Capital.

To date, TOP has secured over $70 million in total funding across multiple rounds. These new investors and increased capital will support the expansion of TOP’s portfolio companies across the US, EU and other key regions — in line with the company’s current strategic goals.

TOP maintains a portfolio of products and services within TON ecosystem, particularly focused on platforms that interact with the messaging app Telegram and its 1 billion users. These include:

• Wallet in Telegram, a digital asset solution seamlessly embedded into Telegram’s interface;
• Tonkeeper, TON’s leading non-custodial crypto wallet;
• STON.fi, the leading swap dApp on TON and the developer of a liquidity aggregation protocol, Omniston;
• Getgems, TON’s foremost NFT marketplace;
• Tribute, a monetization platform for creators in Telegram;
• and Notcoin, a viral Tap-to-Earn game, along with many more products.

Andrew Rogozov, CEO and Founder of The Open Platform (TOP), said “This investment supports our long-term strategy to scale the adoption of blockchain-based products by leveraging the power of Telegram as a distribution channel. By combining TON Blockchain with Telegram’s global reach, we’re building both the infrastructure and the consumer-facing apps needed to onboard a billion users to crypto.”

By creating a seamless and scalable platform, TOP is accelerating the mainstream adoption of crypto — expanding global access to financial services and enabling a new generation of developers. This mission is what caught the attention of prominent investors, ultimately leading to TOP receiving a billion-dollar valuation and “unicorn” status in the investment space.

TON ecosystem itself has also received investor attention this year. In March, TON Foundation announced that several leading investors, including Sequoia Capital, Ribbit Capital, Benchmark and others acquired and now hold $400 million worth of Toncoin — a signal of growing interest in TON Blockchain.