US Edition
The Open Platform (TOP) Becomes First TON Unicorn With $1B Valuation Following $28.5M Raise
- On July 3rd, 2025, The Open Platform secured $28.5 million through an extension of its Series A funding, achieving a valuation of $1 billion and earning the distinction as the inaugural unicorn within the TON ecosystem.
- The raise follows TOP's incorporation in Abu Dhabi in 2023 and growing institutional interest in TON, Telegram's exclusive blockchain choice since that year.
- Ribbit Capital led the round acquiring about 4% equity, with Pantera Capital also participating and TOP planning to invest in expansion, compliance, security, and go-to-market strategies.
- Ryan Barney of Pantera expressed enthusiasm about backing innovative technology and financial solutions that have the potential to engage Telegram’s vast user base of over one billion individuals.
- The recent funding round has increased TOP's total capital to over $70 million and advances its mission to grow TON-based applications and attract a billion users into the crypto ecosystem through Telegram's extensive reach.
Insights by Ground AI
Does this summary seem wrong?
19 Articles
19 Articles
All
Left
2
Center
3
Right
1
World NewsReposted by 
DailyTruthReport
DailyTruthReportThe Open Platform Becomes First TON Unicorn Following $28.5M Raise
The Open Platform (TOP), a provider of tools for developers in Telegram’s crypto infrastructure, said it raised $28.5 million in an extended Series A round led by Ribbit Capital, with participation from Pantera Capital. The raise brings
·United States
Read Full Article
Coverage Details
Total News Sources19
Leaning Left2Leaning Right1Center3Last UpdatedBias Distribution50% Center
Bias Distribution
- 50% of the sources are Center
50% Center
L 33%
C 50%
R 17%
Factuality
To view factuality data please Upgrade to Premium
