According to a recent LinkedIn post from Wallet in Telegram, the company’s TON Wallet has introduced support for Bitcoin and Ethereum as wrapped assets within the Telegram ecosystem. The post notes that users can now store and transfer BTC and ETH, alongside TON, directly inside the messaging app via a self-custodial wallet.
Claim 55% 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 company’s LinkedIn post highlights that BTC and ETH are being added as wETH and cbBTC, which are described as tokens backed 1:1 by Ethereum and Bitcoin and available across the TON network. While native Bitcoin and Ethereum networks are reportedly not supported, the integration suggests an effort to capture transaction volume from the two largest crypto assets, which the post says account for roughly 70% of total crypto market capitalization.
For investors, the post suggests a potential broadening of Wallet in Telegram’s addressable user base and transaction revenue opportunities by aggregating major crypto assets in a single interface inside Telegram. This may enhance user engagement and retention within the TON ecosystem, while positioning the wallet more competitively against multi-asset crypto wallets that operate outside messaging platforms.
The move could also signal a strategic alignment with larger crypto infrastructure players, given the reference to Coinbase-issued cbBTC in the post. If adoption scales, this multi-asset functionality may strengthen Wallet in Telegram’s role as a gateway to on-chain activity within Telegram, with possible long-term implications for fee generation, ecosystem liquidity, and the company’s valuation prospects in the broader Web3 and messaging-integrated payments market.