According to a recent LinkedIn post from The Open Platform, Wallet in Telegram has introduced support for Bitcoin and Ethereum within TON Wallet as bridged wrapped assets. The post indicates that Ethereum is available as wETH on TON and Bitcoin as cbBTC, each reportedly backed 1:1 by the underlying assets.
Claim 30% Off TipRanks
- Unlock hedge fund-level data and powerful investing tools for smarter, sharper decisions
- Discover top-performing stock ideas and upgrade to a portfolio of market leaders with Smart Investor Picks
The post suggests that users can now hold, transfer, and interact with wrapped BTC and ETH directly inside Telegram, extending their use into smart contracts and decentralized applications on the TON network. This broader asset support may enhance TON’s appeal as an infrastructure layer for payments and decentralized finance, potentially increasing network usage and transaction volumes.
For The Open Platform, the highlighted development could strengthen its position within the Telegram-centric crypto ecosystem by improving interoperability with the wider crypto market. If user adoption of wrapped BTC and ETH on TON scales, the company may benefit from higher on-chain activity, deeper liquidity for TON-based applications, and greater relevance among developers building cross-chain DeFi solutions.