New-age investing just slid into Telegram
New-age investing just slid into Telegram originally appeared on TheStreet.
Users on the popular instant messaging app Telegram will soon be able to invest in crypto assets.
Affluent, a crypto investment app, announced its launch on X on June 16.
Built natively on Telegram, Affluent claims to bring together DeFi infrastructure with Telegram's wide distribution.
Justin Hyun, ex-TON Foundation director, along with Hyung Lee, has co-founded Affluent and serves as the co-CEO. He hailed Affluent's launch as trustless asset management meeting Telegram.
The Strategy Vault feature on the app, such as TON Multiply Vault, USDT Multiply Vault, etc., would let users earn yields on staked tokens.
Affluent says its strategy vaults can host Bitcoin, tokenized private credit, stablecoins, gold, U.S. Treasury, etc.
The on-chain vaults deploy adaptive human expertise to manage risks, provide simplified yield generation, and offer Proof-of-Reserve transparency.
The app is also introducing an Affluent Points program to encourage user activity. Users can join the program by making a deposit into the TON vault.
Affluent will be available to Telegram users as a mini app within the messaging platform. It is a decentralized finance (DeFi) protocol built on The Open Network (TON), a blockchain network linked to Telegram.
Telegram announced the Telegram Open Network (TON) in 2018 so that a blockchain network, decentralized applications, and crypto payments could be integrated into the messaging app.
But the project's native token, Gram, became the target of a securities violation case by the Securities and Exchange Commission (SEC) in October 2019. Finally, the SEC settled with Telegram as the platform agreed to return more than $1.2 billion to investors and to pay an $18.5 million civil penalty.
Once Telegram quit the project, an open-source community took over and renamed it as The Open Network (TON). While Telegram couldn't build the blockchain project, it integrated it into the messaging app over the years.
New-age investing just slid into Telegram first appeared on TheStreet on Jun 16, 2025
This story was originally reported by TheStreet on Jun 16, 2025, where it first appeared.
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