Dynamic has launched embedded wallet infrastructure for The Open Network (TON), enabling developers to deploy TON wallets automatically within Telegram Mini Apps. The move eliminates a longstanding technical barrier for builders on TON, a blockchain designed to support payments and applications inside Telegram. Previously, launching financial tools on the platform required custom wallet deployment, contract management and transaction handling. The new integration consolidates those functions into a single stack.
According to the company, developers will be able to generate and manage user wallets programmatically, allowing payments, trading and other financial features to be embedded directly into Telegram-based applications. The infrastructure also incorporates wallet deployment, transaction management and asset security through Fireblocks‘ custody and compliance systems, reducing reliance on multiple third-party providers. Dynamic was acquired by Fireblocks in October, a firm valued at $8 billion and backed by investors including Sequoia Capital and Ribbit Capital, according to private markets data firm Sacra.
The launch is aimed at Telegram Mini Apps, giving developers potential access to more than 1 billion users on the platform. TON itself currently has over 51 million active wallets and more than $500 million in stablecoins held onchain, according to the announcement. The scale of Telegram’s user base makes it an attractive target for developers seeking to build financial applications with broad reach.
The rollout fits into a broader trend of major platforms moving toward so-called “everything apps” that combine messaging, payments and commerce in a single interface. Within the TON ecosystem, several financial tools have already been introduced inside Telegram. In February, TON Pay launched as a payments software development kit allowing merchants and Mini App developers to accept cryptocurrency without managing wallet infrastructure or checkout systems. That same month, the platform added vault features to its TON Wallet, enabling users to hold, send and earn yield on Bitcoin (BTC), Ether (ETH) and USDT directly within the chat interface.
Telegram reported $870 million in revenue during the first half of 2025, with roughly $300 million of that figure tied to exclusivity agreements related to Toncoin, the native token of the TON blockchain. The company has also faced regulatory scrutiny in recent months. In the Philippines, Telegram avoided a potential ban earlier this month after agreeing to establish a direct response channel with authorities and adopt stricter enforcement measures against illegal content.
Other major platforms are pursuing comparable strategies. X announced in June that it plans to integrate payments and investment features into its app, with then-CEO Linda Yaccarino stating that users will eventually be able to send money and manage finances within the platform, though no cryptocurrency component has been specified. Coinbase took a similar step in July, rebranding its Coinbase Wallet as the Base app, a platform that combines wallet functionality, trading and payments with social features, messaging and support for onchain mini apps running on its Base network.
Together, these developments reflect a growing push by technology and crypto companies to embed financial services directly into high-traffic consumer platforms. Dynamic’s TON integration positions it within that shift, offering developers a ready-made infrastructure layer rather than requiring them to build wallet systems from the ground up. The extent to which developers adopt the tooling will likely depend on how quickly the TON ecosystem continues to expand its user base and onchain activity.
Originally reported by CoinTelegraph.
