Telegram Expands Blockchain Reach With Native Crypto Wallet Launch in the US
Telegram has begun rolling out its native cryptocurrency wallet, TON Wallet, to users in the United States, marking a significant expansion of its blockchain-based services.
Built on The Open Network (TON) blockchain, TON Wallet is positioned as the first self-custodial crypto wallet integrated into a major social platform accessible to US users, according to a release shared with Cointelegraph.
Supported by the TON Foundation, the wallet enables users to send, receive, and securely store digital assets directly within the Telegram application, eliminating the need for external software or browser extensions.
This launch grants American users access to the broader TON ecosystem, encompassing applications in gaming, payments, decentralized finance (DeFi), and digital marketplaces. The integration allows users to interact with blockchain technology seamlessly without leaving the Telegram interface.
TON Wallet Enables Direct Crypto Transfers
TON Wallet supports transfers of USDT, Toncoin (TON), and other TON-based tokens, including non-fungible tokens (NFTs).
Transaction initiation is comparable to sending a standard message. The wallet operates on a self-custodial principle, meaning users retain full control of their private keys.
Additional functionality includes integrated trading tools via Omniston and Ston.fi, token staking through third-party integrations, and 0% fees on USDT purchases processed via Apple Pay, Google Pay, or credit cards using MoonPay.
Furthermore, the wallet introduces an off-ramp feature, allowing users to withdraw crypto funds directly to their linked bank cards.
“The wallet is pivotal in connecting users with payments, games and onchain tools, all within a familiar environment they interact with daily.”
Danilov also emphasized ongoing measures to protect users, stating that upcoming features will include “whitelists, blacklists, transaction emulation and other advanced fraud detection tools to help users make safer choices before confirming transactions.”
While serving as a personal wallet, TON Wallet is also expected to underpin Telegram’s in-app economy and support the growth of Mini Apps.
The US Has Been a Key Target for TON Wallet Expansion
Outside the US and Europe, Telegram previously deployed TON Wallet in its main menu, making it available to users across Asia and Russia. According to the company, over 100 million users globally activated the wallet in 2024. Sensor Tower data indicates Telegram has approximately 87 million users in the US, presenting a substantial growth opportunity.
TON Wallet was primarily developed by The Open Platform, a tech company specializing in Web3 apps for Telegram. On July 3, The Open Platform announced a successful $28.5 million Series A funding round, achieving a $1 billion valuation. The round was led by Ribbit Capital, with participation from Pantera Capital.
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