TOP Secures $28.5 million in Series A, Achieves Unicorn Status on TON Blockchain

* Raises $28.5 million in a Series A round led by Ribbit Capital, achieving a $1 billion valuation. * Funds will support global expansion and the development of AI and gaming apps on the TON blockchain. The Open Platform (TOP), a core developer for The Open Network (TON), announced on July 3, 2025, that it had completed a $28.5 million Series A funding round. The investment was led by Ribbit Capital, with participation from Pantera Capital, boosting TOP's valuation to $1 billion and solidifying its "unicorn" status. On July 3, Binance News and The Block also reported on the milestone. According to Fortune on July 3, this latest funding round increases TOP’s total capital raised to over $70 million. The company plans to use this capital for global expansion into compliant markets across Europe and the U.S. while also incubating blockchain-based games and artificial intelligence (AI) applications that leverage the TON blockchain. TOP is the force behind "Wallet in Telegram," a crypto wallet that integrates seamlessly into the Telegram messaging app and has gained notable adoption in regions such as Russia and Asia. TOP's strategic goal is to bring a billion users into the cryptocurrency ecosystem. To achieve this, the company focuses on developing user-friendly infrastructure and applications that lower the barriers to blockchain adoption. According to market data on July 3, at 15:14 UTC, Toncoin (TON), the native cryptocurrency of The Open Network, traded at $2.87, which reflected a 0.719% increase in its 24-hour trading volume.