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Home»Blockchain»Telegram Blockchain Developer Startup Top increases $ 28.5 million to an evaluation of $ 1 billion
Blockchain

Telegram Blockchain Developer Startup Top increases $ 28.5 million to an evaluation of $ 1 billion

July 7, 2025No Comments
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The open platform, a developer of tools for the Costed Telegram Messenger Inc.‘s The blockchain ecosystem, announced today that it had raised $ 28.5 million during a financing cycle at the start of the stadium, bringing its evaluation to $ 1 billion.

The A series was led by Rabbit Capital with the participation of Pantera Capital.

TOP is the main actor in the development of open network applications, a blockchain closely linked to the telegram. Telegram is One of the largest messaging platforms in the world. The network was cited as exceeding 1 billion monthly active users In March, According to the Sinch websiteshowing that he has increased regularly since 2022, while having 700 million active monthly users.

The open platform Mainly builds the central infrastructure and the consumer -oriented applications on tonewho is Telegram official blockchainWith the the intention to develop Adoption of cryptography globally.

You have a difficult story. In 2018, telegram $ 1.7 billion By selling a cryptocurrency to support the development of tone, which attracted the attention of the American commission for securities and exchange. In 2019, the SEC continued its telegram, alleging the increase was An offer of illegal titles. In 2020, telegram and dry reaches a regulation resulting in a fine of $ 18.5 million and the company of Return part of the money collected in the tokens offer.

Despite these setbacks, Telegram selected a new version of Ton in 2023 as an exclusive and top blockchain partner has become its main developer. The company is now the developer of the main cryptographic portfolio of the blockchain, Wallet in Telegram, where users can buy, sell and exchange tone. It is integrated directly into the main menu of the Telegram application outside the United States and Europe, which makes it available to users in regions such as Russia and Asia.

Other products made by TOP include decentralized exchanges where users can buy, sell and exchange cryptoMarket Lists of tokens and non -funsable blockchain games.

“By combining your blockchain with the global scope of Telegram, we build both the infrastructure and the consumer-oriented applications necessary to integrate a billion users in Crypto,” said Director General of the Open Platform, Andrew Rogozov.

Rogozov said that the company’s long-term strategy will be to support the expansion efforts of the company’s portfolio in the United States, the Ue And Other regions, emphasizing regulatory licenses, compliance And Development of infrastructure. The company would also incubate other projects related to tons, including blockchain games and artificial intelligence applications.

Image: Geralt / Pixabay

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