MoonPay Launches Cross-Chain Deposit Service for Telegram's TON Wallet

Payment infrastructure provider MoonPay has unveiled MoonPay Deposits, a service designed to streamline wallet-to-wallet cryptocurrency transfers by automating token swaps, bridging operations, and cross-chain routing ^[1].

The product enables users to fund applications with cryptocurrency from any existing wallet, regardless of the token or blockchain network they currently hold. Rather than manually selecting the correct asset and network, users can transmit supported cryptocurrencies and automatically receive their chosen asset in the destination wallet ^[1].

The service has been integrated into Telegram's self-custodial TON Wallet, providing the messaging platform's more than 100 million users with simplified access to the TON blockchain ecosystem ^[1]. Previously, users needed to hold assets specifically on the TON blockchain before funding TON Wallet accounts—a barrier the new deposit system removes by accepting Bitcoin and other assets from external networks.

CEO Ivan Soto-Wright emphasized that users should not need to purchase new assets or complete complicated procedures simply to fund an account ^[1]. Andrew Rogozov, founder of The Open Platform and Wallet in Telegram, stated the objective is achieving custodial wallet convenience while preserving self-custody principles.

Separately, the Intercontinental Exchange—parent company of the New York Stock Exchange—entered discussions two months ago regarding a potential investment that could value MoonPay at approximately $5 billion ^[1].