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Dynamic

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Dynamic has added embedded wallet infrastructure for The Open Network (TON), which it says will allow developers to deploy TON wallets automatically inside Telegram Mini Apps without building their own wallet systems.
According to an announcement shared with Cointelegraph, the integration removes a technical hurdle for developers building on TON, a blockchain designed to power payments and applications within Telegram, where launching financial applications has typically required custom wallet deployment, contract management and transaction handling.
Dynamic said it expects developers will be able to generate and manage user wallets programmatically, enabling payments, trading and other financial features to be built directly into Telegram-based applications.
Dynamic was acquired in October by Fireblocks, which is <a href="https://sacra.com/c/fireblocks/" rel="noopener noreferrer nofollow">valued</a> at $8 billion and backed by investors including Sequoia Capital and Ribbit Capital, according to private markets data firm Sacra.
The infrastructure also consolidates wallet deployment, transaction management and asset security into a single stack using Fireblocks’ custody and compliance systems, reducing the need for multiple providers.
The launch targets Mini Apps on Telegram, giving developers access to more than 1 billion users, while TON has over 51 million active wallets and more than $500 million in stablecoins onchain, according to the announcement.
The rollout reflects a broader shift toward embedding financial services directly into messaging platforms. “Telegram is becoming a key distribution layer for these experiences, while TON provides the infrastructure layer,” Nikola Plecas, vice president of payments at&nbsp;TON Foundation, told Cointelegraph.
The development follows regulatory pressure in the Philippines, where <a href="https://cointelegraph-magazine.com/hong-kong-tokenized-bond-platform-telegram-philippines-ban-asia-express/" rel="noopener noreferrer nofollow">Telegram avoided a potential ban</a> earlier this month after agreeing to establish a direct response channel with authorities and adopt stricter enforcement against illegal content.
In the first half of 2025, the company reported <a href="https://cointelegraph.com/news/telegram-revenue-2-billion-full-year-target-report" rel="noopener noreferrer nofollow">$870 million in revenue</a>, with roughly $300 million tied to exclusivity agreements related to Toncoin (<a rel="noopener noreferrer nofollow">TON</a>), the native token of its blockchain.
Related: <a href="https://cointelegraph.com/news/elon-musk-taps-ex-aave-product-chief" rel="noopener noreferrer nofollow">Elon Musk’s X taps ex-Aave product chief Benji Taylor to lead design</a>
<h2 id="telegram-x-and-coinbase-move-toward-integrated-finance-apps">Telegram, X and Coinbase move toward integrated finance apps</h2>
The rollout comes as major platforms move toward “everything apps” that combine messaging, payments and commerce in a single interface.
Within Telegram, the TON ecosystem has introduced a range of in-app financial tools. In February, it launched<a href="https://cointelegraph.com/news/ton-pay-aims-to-turn-telegram-into-a-crypto-checkout-layer-for-ton" rel="noopener noreferrer nofollow"> launched TON Pay</a>, a payments software development kit (SDK) that allows merchants and Mini App developers to accept cryptocurrency without managing wallet infrastructure or checkout systems.&nbsp;
The platform also <a href="https://cointelegraph.com/news/telegram-ton-wallet-vaults-earn-btc-eth-usdt" rel="noopener noreferrer nofollow">added vault features to its TON Wallet</a> the same month, enabling users to hold, send and earn yield on Bitcoin (<a rel="noopener noreferrer nofollow">BTC</a>), Ether (<a rel="noopener noreferrer nofollow">ETH</a>) and USDT (<a rel="noopener noreferrer nofollow">USDT</a>) directly within the chat interface.<iframe src="https://www.youtube.com/embed/bfbCwXrRC7Q?start=" sandbox="allow-scripts allow-same-origin allow-popups allow-forms"></iframe>
In June, X said it plans to <a href="https://cointelegraph.com/news/elon-musk-x-financial-services-x-money-app-2025" rel="noopener noreferrer nofollow">integrate payments and investment features</a> into the app, with then-CEO Linda Yaccarino stating users will eventually be able to send money and manage finances within the platform, though the company has not specified a crypto component.
Coinbase has taken a similar approach, rebranding its <a href="https://cointelegraph.com/news/coinbase-wallet-rebrands-base-everything-app" rel="noopener noreferrer nofollow">Coinbase Wallet in July as the Base app</a>, a platform that combines wallet, trading and payments with social features, messaging and support for onchain mini apps running on its Base network.
Magazine: <a href="https://cointelegraph-magazine.com/are-defi-devs-liable-illegal-activities-platforms/" rel="noopener noreferrer nofollow">Are DeFi devs liable for the illegal activity of others on their platforms</a>

Dynamic adds embedded wallet infrastructure to TON for Telegram apps

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Other articles published on Mar 31, 2026

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