Telegram, one of the world’s largest messaging apps, has officially launched its built-in crypto wallet for users in the United States. With over 87 million American users now able to send, receive, and manage digital assets directly in the app, this rollout marks a major milestone in the integration of cryptocurrency into mainstream platforms.

The TON Wallet is built on the TON blockchain and developed by The Open Platform (TOP). This marks the first time a self-custodial wallet has been embedded into a widely used messaging app in the U.S., making crypto transactions as easy as sending a message.

A Seamless Wallet Experience for Telegram Users

Unlike traditional crypto wallets that require separate apps, browser extensions, or complex onboarding steps, TON Wallet is fully integrated into Telegram’s interface. There’s no need for downloads, additional logins, or remembering a seed phrase.

The wallet uses a split-key backup system, one part tied to the user’s Telegram account and the other to their email offering a simplified self-custody solution. Users maintain control of their private keys while enjoying a user-friendly experience.

TOP CEO Andrew Rogozov emphasised the goal of reducing friction. “Our mission is to remove as much friction as possible,” he said. “That’s what crypto should solve, eliminating borders and making global transactions seamless.”

Features: Transfers, Swaps, and Staking

TON Wallet provides a full suite of crypto features:

• Peer-to-peer transfers: Users can send and receive tokens as easily as sending a chat message.
• Token swaps: Instant conversions between supported cryptocurrencies.
• Staking: Users can stake their assets to earn passive yield.
• Zero-fee crypto purchases: Through a partnership with MoonPay, users can buy digital assets without paying transaction fees.

The wallet also supports on- and off-ramping using debit cards, simplifying entry and exit for fiat currencies. In addition, TON Wallet connects to Telegram’s Mini Apps, a growing ecosystem of decentralised applications (dApps) within the platform.

From Global Growth to U.S. Expansion

TON Wallet has already seen significant global success. Over 100 million users worldwide activated their wallets in 2024 alone. However, the U.S. rollout was delayed due to regulatory uncertainties.

According to Rogozov, the outlook has shifted recently. “We started considering the U.S. as a more interesting opportunity for us,” he told CNBC, citing improvements in the regulatory landscape and increased crypto engagement among American Telegram users.

Although Telegram previously distanced itself from TON due to a legal dispute with the U.S. Securities and Exchange Commission in 2020, the app has continued to support the TON ecosystem. This includes features like tokenised usernames and a marketplace for digital collectibles.

Competition and the Road Ahead

Telegram’s move into crypto could shake up the space currently dominated by platforms like Coinbase and Cash App. By embedding a wallet inside a social messaging platform, Telegram is lowering the barrier for mainstream users to adopt crypto.

However, TON Wallet is careful not to provide direct financial services itself. Instead, it relies on licensed partners like MoonPay for regulated features, keeping Telegram clear of compliance risks.

The integration of crypto tools into widely used platforms may be a turning point for broader adoption. With minimal setup, no seed phrases, and smooth access to key crypto functions, TON Wallet positions Telegram as a serious contender in the next phase of the digital finance revolution.

Telegram’s TON Wallet could significantly influence how everyday users interact with digital assets. By making crypto simple, social, and seamlessly integrated, the app is bringing decentralised finance into the pockets of millions, without them needing to leave the chat.