Telegram launches TON Wallet in U.S.

Telegram launches TON Wallet in U.S.
TON Wallet goes live in U.S., offers crypto without seed phrases

​Telegram users in the United States can now send and receive crypto directly through the app, thanks to the rollout of TON Wallet, a self-custodial feature powered by The Open Platform (TOP) and built on the TON blockchain. 

The launch marks the first time a self-custodial wallet is embedded in a major messaging platform for U.S. users. 

Users don’t need to download a separate app or remember a seed phrase — instead, a split-key recovery system linking their Telegram account and email offers simplified onboarding. With over 100 million wallets activated globally in 2024, the U.S. debut signals growing confidence amid improving regulatory conditions.

From frictionless transfers to staking and swaps, TON Wallet aims big

The TON Wallet allows peer-to-peer transfers, token swaps, staking for yield, and even zero-fee crypto purchases through its MoonPay integration. Users can also fund their wallets via debit cards and interact with Telegram’s Mini Apps, creating a seamless Web3 experience without ever leaving the chat interface. Andrew Rogozov, CEO of TOP, said the wallet was built to “remove as much friction as possible” from the crypto user journey. By eliminating seed phrases and integrating crypto tools into everyday chat, TON Wallet aims to lower the barrier to entry for casual and mainstream users.

Positioning to rival Cash App and Coinbase in the U.S.

Although Telegram formally stepped away from its original TON token project in 2020 after pressure from the SEC, it has quietly re-integrated TON-powered features, including tokenized usernames and the Fragment marketplace. With the U.S. launch of TON Wallet, Telegram could pose a significant challenge to Cash App, Coinbase, and other platforms offering simplified crypto experiences. While the wallet currently avoids offering regulated financial services directly, it leverages licensed partners like MoonPay for compliant fiat on- and off-ramps. If adoption grows among Telegram’s U.S. user base, the platform’s crypto-native infrastructure may attract both retail users and app developers looking for a frictionless Web3 gateway.

Recently we wrote that ​the U.S. Securities and Exchange Commission (SEC) has opened the door to a more collaborative approach with the blockchain industry, holding a high-level meeting with key Ethereum-aligned organizations to explore the development of token standards for the compliant issuance and transfer of tokenized securities.

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