The Open Platform

What The Open Platform does

The Open Platform (TOP), founded in 2022 by Andrew Rogozov and headquartered in Dubai with remote-first hubs in Yerevan, Belgrade, London, and Tashkent, is the primary infrastructure and consumer-app partner for the TON blockchain within Telegram's 1B+ user ecosystem. The company operates through two flagship units: Wallet in Telegram — a dual-wallet system (custodial Crypto Wallet and self-custodial TON Wallet) natively embedded in Telegram reaching 150M+ registered users and processing $240M in monthly on-chain transactions via TON Connect — and TOP Labs, a venture builder managing 25+ portfolio companies (Tonkeeper, STON.fi, Getgems, Tribute, Mira, PlayDeck, AKEDO, etc.) collectively serving 235M+ users with $70M+ raised across the portfolio.

The technical stack spans developer tooling (TON API processing 100K requests per second for 1,500 applications, TON Connect protocol supporting 34+ wallets, AppKit with 32+ React hooks, WalletKit multi-platform SDK, AgentKit/MCP with 38+ AI-agent tools, TAC EVM-compatible chain with $800M peak TVL), DeFi infrastructure (STON.fi DEX with $6.7B all-time volume and 31M swaps, Omniston cross-DEX liquidity aggregation), an NFT marketplace (Getgems), a creator monetization platform (Tribute with 70K+ creators and $52M 2025 GTV), and AI products (Mira multimodal agent at 2M users/500K MAU, Agentic Wallets open standard for autonomous AI fund management). The January 2026 acquisition of 100% of Tonkeeper consolidated the leading non-custodial TON wallet (5M+ MAU) and TON API infrastructure under TOP's corporate umbrella.

Revenue mechanics are transaction-fee and yield-spread driven rather than subscription-based for the consumer wallet: trading fees on Wallet in Telegram's Crypto Wallet (including 50x leveraged perpetual futures via Lighter), DEX and swap routing fees via STON.fi/Omniston, marketplace commissions on Getgems and Tribute, yield spreads on the Vaults product (USDT strategies up to 18% APY via Morpho/TAC/Re7), and premium Tonkeeper Pro subscriptions. Strategic partnerships include Telegram (distribution), TON Foundation (ecosystem), Tether (USDT on TON), Kraken/Backed (xStocks tokenized equities), Ribbit Capital and Pantera Capital (Series A lead investors at $1B valuation in July 2025), plus technology integrations with MoonPay, Lighter, Morpho, Ethena, Re7, and Curve. Geographic expansion is active in the US (TON Wallet launch July 2025), Uzbekistan (NAPP license December 2025), and APAC (Mini Game Accelerator), with a remote-first headcount of 101–250 employees and an open Mira CTO role as of January 2026 indicating continued organizational scaling.

Name

The Open Platform

Legal name

The Open Platform

Website

https://top.co

Company type

Private

Founded year

2022

Operating status

Operating

Headcount range

101–250 employees

Short description

The Open Platform builds Web3 infrastructure and consumer crypto applications on the TON blockchain, embedded natively inside Telegram to serve its 1B+ users and the developers building on top of TON.

Ownership category

akta.pro rank

Product category

Blockchain Infrastructure

NAICS

Securities and Commodity Exchanges (52321), Financial Transactions Processing, Reserve, and Clearinghouse Activities (522320), Computing Infrastructure Providers, Data Processing, Web Hosting, and Related Services (518210)

SIC

Security & Commodity Brokers, Dealers, Exchanges & Services (6200), Finance Services (6199)

akta.pro primary industry

Wallet Connectivity & Session Protocols (WalletConnect, deep links, QR, auth sessions) (FSAPACAF)

akta.pro secondary industries

Tokenization Platforms (RWA, Securities, Funds) (FSAGAMAA), On-Chain Payments & Stablecoin Infrastructure (Issuance, Rails, Treasury) (FSAGAMAD), Interoperability & Cross-Chain Infrastructure (Bridges, Messaging, Atomic Swaps) (FSAGAMAI), Authorization & Permissions (delegation, allowances, capability-based access, session keys) (FSAPACAJ)

Keywords

• Blockchain infrastructure
• Crypto wallet services
• Web3 developer tools
• Decentralized exchange
• Digital asset trading

Headquarters

HQ city

Dubai

HQ country

United Arab Emirates

HQ region

Middle East

Offices5 records

Markets served

GTM type

B2B and B2C

Offering type

Software

Cost components

Personnel, Technology or R&D, Infrastructure, Operations, Marketing or Sales

Revenue model

1. Trading Transaction Fees: Wallet in Telegram charges transaction fees on crypto trades executed within the custodial Crypto Wallet. Users trade with up to 50x leverage on 50+ assets via perpetual futures integration with Lighter.
2. DeFi Yield Products: Vaults feature enables variable yield on BTC, ETH, USDT holdings through DeFi integrations (Morpho, TAC, Re7). USDT strategies offer up to 18% APY. Revenue derived from yield spread and protocol arrangements.
3. NFT Marketplace (Getgems): Getgems NFT marketplace charges trading commissions on digital asset and Telegram collectible trades. NFT vouchers pioneered for converting in-game assets to on-chain equivalents.
4. Creator Platform (Tribute): Tribute charges creators a revenue share or platform fee on subscriptions, donations, and digital/physical product sales. 70K+ creators, 1.4M+ paid subscribers, $45M+ creator payouts, $52M in GTV in 2025.
5. DEX Fees (STON.fi): STON.fi DEX charges swap fees and liquidity provision rewards. Omniston aggregation protocol routes trades across multiple DEXs for optimal execution. $6.7B all-time volume across 31M swaps.
6. Premium Wallet Subscriptions (Tonkeeper Pro): Tonkeeper Pro offers a one-month free trial then paid access for advanced tools including multi-wallet management, multi-signature support, gasless USDT transfers via Tonkeeper Battery, and on-chain 2FA.
7. Sticker Packs (Telegram Collectibles): Sticker Pack platform generates revenue from limited-supply sticker pack sales and secondary marketplace trading. 150+ packs released, 110K+ unique holders, $10M volume across marketplaces.

Pricing tiers

Go-to-market motion3 records

Distribution channels5 records

Marketing channels7 records

Core offering

The Open Platform builds Web3 infrastructure and consumer applications on the TON Blockchain to enable crypto functionality within Telegram's ecosystem of 1B+ users. Its core offerings include dual-wallet solutions (custodial Crypto Wallet and self-custodial TON Wallet embedded in Telegram), a suite of developer SDKs and APIs (TON API, TON Connect, AppKit, WalletKit, AgentKit), DeFi protocols (STON.fi DEX, Omniston liquidity aggregation), the TAC EVM-compatible blockchain, an NFT marketplace (Getgems), creator monetization (Tribute), and the Mira AI assistant. Revenue is generated via transaction fees, subscription fees (Tonkeeper Pro), and marketplace commissions.

Product overview

The Open Platform (TOP) operates as a Web3 technology company building infrastructure and consumer apps on TON Blockchain to drive global crypto adoption within Telegram's ecosystem of over 1 billion users. The company operates through two flagship units: Wallet in Telegram (consumer-facing crypto wallet with 100M+ users) and TOP Labs (venture builder managing 25+ portfolio projects). The product portfolio spans developer tooling (TON API, TON Connect SDK, AppKit, WalletKit, AgentKit/MCP, TAC), consumer wallets (Wallet in Telegram with Crypto Wallet and TON Wallet, Tonkeeper), DeFi protocols (STON.fi DEX, Omniston liquidity aggregation), NFT marketplaces (Getgems), creator monetization (Tribute), gaming platforms (PlayDeck, Pluto Studio, Not Games, Flappy Bird), and AI products (Mira AI agent). Products connect via TON Connect protocol enabling 100M+ wallet connections and $240M in monthly transactions.

Differentiator

Problem solved

Functional benefit

Brands

• TOP Labs: Venture builder focused on companies in the Telegram and TON ecosystem, managing 25+ projects with 235M+ total project users.
• Wallet in Telegram
• Mira
• TON Tech
• TON API
• TAC
• Getgems
• Tribute
• STON.fi
• Tonkeeper

Products and services

• Wallet in Telegram Digital asset solution seamlessly embedded into Telegram's interface, offering dual-wallet experience with Crypto Wallet (multi-chain custodial wallet for trading and sending crypto to contacts) and TON Wallet (self-custodial wallet with access to TON ecosystem of dApps and tokens). Supports 200+ digital assets, trading, staking, yield products, perpetual futures, tokenized stocks/ETFs, and cross-chain deposits.
• TOP Labs Venture builder arm of The Open Platform focused on companies in the Telegram and TON ecosystem. Manages 25+ projects with 235M+ total project users. Provides early-stage funding, Telegram-native growth expertise, and ecosystem integrations to portfolio companies across games, DeFi, creator economy, and NFTs.
• TON API

Quantifiable outcome

• 100M+ wallet users onboarded to crypto via Wallet in Telegram
• +5 more outcomes

Named customers8 records

Segments5 records

Ideal customer profiles4 records

Technology focussed Yes

API detail

Has API

Yes

API docs

API detail

Core technology

AI maturity

App detail

Integration11 records

AI capability10 records

Feature9 records

Partnerships

Ten partnerships are on record, tiered major and core.

• LightermajorTechnology or Integration · 2 April 2026Lighter provides perpetual futures trading infrastructure for Wallet in Telegram, enabling leveraged trading with up to 50x on 50+ assets directly inside Telegram. Lighter is a top-ranked decentralized perpetuals exchange powering leveraged trading for 150M+ Wallet users.
• MorphomajorTechnology or Integration · 26 February 2026Morpho provides DeFi infrastructure powering the Vaults yield feature in Wallet in Telegram, enabling variable yield on BTC, ETH, and USDT holdings. USDT strategies offer up to 18% APY. Morpho is also live on TAC for broader DeFi access.
• TAC (TON Application Chain)majorTechnology or Integration · 26 February 2026TAC provides DeFi infrastructure for Wallet in Telegram's Vaults yield products alongside Morpho and Re7. TAC also enables EVM dApps to deploy on TON, bringing Curve, Morpho, Bancor, Euler, ZeroLend, and IPOR Fusion to Telegram users.
• MoonPaycoreTechnology or Integration · 11 February 2026MoonPay Deposits enables cross-chain deposits in Wallet in Telegram's TON Wallet. Converts assets from Ethereum, Solana, TRON, BSC, Polygon, Arbitrum, and Base to USDT (TON) at 1:1 rate. Powers fiat withdrawal capabilities for US users. Intercontinental Exchange considering ~$5B valuation investment in MoonPay.
• TON FoundationcoreStrategic or Co-development Partner · 3 July 2025TON Foundation partnered with TOP for ecosystem development. In March 2025, TON Foundation announced that Sequoia Capital, Ribbit Capital, Benchmark and others acquired $400M worth of Toncoin — signaling strong investor interest in the TON ecosystem. TOP is the primary infrastructure partner for TON on Telegram.
• TelegramcoreStrategic or Co-development PartnerTelegram is TOP's primary platform partner and distribution channel. TOP develops Telegram's official Crypto Wallet and has TON designated as Telegram's sole blockchain infrastructure. Deep native integration enables wallet, mini-apps, and developer tools directly inside Telegram's interface.
• TethercoreStrategic or Co-development PartnerTether partnered with Telegram and TOP to bring USDT live on TON for 1B+ users. Tether Gold (tokenized gold) also launched on TON via USDt0 unified liquidity network. USDT is the native stablecoin for the TON ecosystem.
• KrakenmajorStrategic or Co-development PartnerPartnered with Backed and Wallet in Telegram to enable tokenized equities and ETFs (xStocks) inside Telegram. xStocks have surpassed $4.5B combined CEX and DEX transaction volume. Kraken co-CEO Arjun Sethi cited the partnership as a major expansion of crypto access.
• EthenamajorStrategic or Co-development PartnerEthena's USDe stablecoin integrated into the TON ecosystem, delivering high-yield savings and effortless earning for Telegram users. USDe provides a key yield-bearing asset for Wallet Earn products and the broader DeFi ecosystem on TON.
• BackedmajorTechnology or IntegrationIssuer of xStocks tokenized equities and ETFs available in Wallet in Telegram via Kraken partnership. Backed acquires real-world assets and mints 1:1 collateralized tokens on-chain. xStocks have surpassed $4.5B in combined CEX and DEX transaction volume.

Scale indicators15 records

Recent moves8 records

Expansion highlights7 records

Direct peers

• WalletConnect (Reown): Reown (formerly WalletConnect) is the leading wallet connectivity protocol across EVM chains and Solana. TOP's TON Connect is the direct analogue inside the TON/Telegram ecosystem — both provide the standard wallet-to-dApp session/auth layer for a major blockchain ecosystem.
• MetaMask (Consensys): MetaMask is the dominant self-custodial crypto wallet and developer tooling suite across EVM chains. Tonkeeper competes head-to-head as the leading self-custodial wallet on TON, and MetaMask's developer stack is the analogue to AppKit/WalletKit/AgentKit.
• Phantom Wallet: Phantom is a leading multi-chain consumer crypto wallet initially focused on Solana, now expanding across EVM and Bitcoin. It competes directly with Wallet in Telegram and Tonkeeper for end-user wallet share and embedded swap/DeFi functionality.
• Trust Wallet (Binance): Trust Wallet is a major mobile-first, multi-chain self-custodial wallet operated by Binance. It competes with Wallet in Telegram and Tonkeeper for mainstream crypto users and offers similar swap, staking, and DeFi access features.
• Magic Eden: Magic Eden is a leading multi-chain NFT marketplace. It is comparable to Getgems, which is TOP's NFT marketplace subsidiary on TON, sharing marketplace commission economics, voucher/launchpad models, and gaming-NFT integrations.

Emerging players

• Particle Network: Particle Network provides chain-abstracted wallet and account abstraction infrastructure for Web3 developers. Its modular wallet stack and chain-agnostic primitives are an emerging competitor to TOP's AppKit, WalletKit, and TAC EVM-compatibility layer.
• Privy: Privy provides embedded wallets and authentication infrastructure used by Web3 apps to onboard users. It overlaps with TOP's AppKit and WalletKit for developers building consumer-facing apps who need embedded wallet UX rather than TON-native distribution.

Broad incumbents

• Alchemy: Alchemy is the leading Web3 developer infrastructure platform providing node APIs, indexing, and toolchain across many chains. It is comparable to TOP's TON API and broader TON Tech developer suite, but operates as a broad incumbent rather than TON-specialist.
• Circle (USDC): Circle issues USDC, the principal regulated USD stablecoin competing with Tether's USDT that powers much of Wallet in Telegram's yield and payment flows. Circle's stablecoin and payments infrastructure is an adjacent incumbent that could pressure TOP's USDT-centric economics if USDC gains share on TON.

Others

• Chainalysis: Chainalysis is the leading blockchain analytics, AML/KYC, and compliance platform used by crypto businesses and regulators. It is comparable to the compliance/regtech capabilities TOP needs to scale custodial Crypto Wallet across multiple jurisdictions (Uzbekistan, US, EU).

Market position

Strengths3 records

Weaknesses5 records

Competitive moat6 records

Key risks6 records

Key highlights7 records

Customer concentration

• GitHubgithub.com/ton-connect
• Xx.com/topdotco
• Facebookfacebook.com/topdotco
• LinkedInlinkedin.com/company/the-open-platform

Revenue estimate

Valuation estimate

Number of profiles

Profiles3 records

Subsidiaries10 records

Funding overview

Funding rounds2 records

Investors4 records

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments16 records

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about The Open Platform