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MoonPay has launched a custody-free cross-chain deposit tool inside Telegram’s TON Wallet, giving more than 100 million users the ability to fund crypto applications from any supported blockchain without holding network-native tokens — a direct attempt to remove one of the biggest friction points blocking mainstream crypto adoption.
The product, now live inside TON Wallet as part of Wallet in Telegram’s dual-wallet setup, allows users to fund applications using crypto they already hold, regardless of token or network, while MoonPay handles swaps, bridging, and routing in the background.
The launch positions Moonpay deposit as a direct response to one of crypto’s persistent usability problems: moving assets across chains without technical friction.
With Wallet in Telegram reaching more than 100 million users globally, MoonPay is betting that seamless cross-chain deposits can accelerate adoption within the TON ecosystem and beyond.
At its core, Moonpay deposit is built to abstract away the complexity that typically accompanies cross-chain transfers.
Instead of requiring users to hold a specific token on a specific blockchain, the service allows them to send supported crypto from an external wallet and receive the final balance in the asset required by the destination application.
MoonPay said the system automatically manages token swaps, blockchain bridges, and routing logic, delivering funds in the correct asset without user intervention.
The feature is custody-free, meaning users retain control of their assets throughout the process.
“Users shouldn’t have to buy new assets or navigate complex steps just to fund an account,” — Ivan Soto-Wright, CEO and co-founder, MoonPay.
According to the company, Moonpay deposit operates entirely on MoonPay’s infrastructure and integrates natively into partner environments, from detection of an incoming transfer through final asset delivery.
For TON Wallet users, the process involves selecting a deposit option, choosing the token and network they want to send from, and transferring funds to a generated address.
MoonPay then completes the conversion and credits the wallet in TON or another supported token.
The initial rollout of Moonpay deposit inside TON Wallet is strategically significant. TON Wallet is part of Wallet in Telegram’s dual-wallet setup, embedding crypto functionality directly into one of the world’s largest messaging platforms.
Previously, entering the TON ecosystem required users to already hold assets native to the TON blockchain.
MoonPay said the new flow removes that barrier by allowing deposits from Bitcoin and other external networks, with automatic conversion into TON or compatible tokens.
Andrew Rogozov, founder and CEO of The Open Platform and Wallet in Telegram, framed the integration as a usability milestone for self-custodial wallets.
“Our goal is to make entering and exiting the TON ecosystem as seamless as using a custodial wallet, while preserving the benefits of self-custody,” — Andrew Rogozov, CEO, The Open Platform.
By embedding Moonpay deposit directly into TON Wallet, MoonPay and its partners are attempting to blend the convenience of centralized platforms with the control of self-custody as an approach increasingly favored by users after multiple high-profile exchange failures in recent years.
The launch of Moonpay deposit comes as MoonPay strengthens its regulatory and institutional profile.
Two months earlier, Intercontinental Exchange (ICE), the owner of the New York Stock Exchange, entered talks to potentially invest in the company.
Reports at the time suggested the funding round could value MoonPay at roughly $5 billion, up from its previous $3.4 billion valuation.
MoonPay has also expanded its regulatory footprint in the United States, securing a Limited Purpose Trust Charter from the New York Department of Financial Services in addition to its existing BitLicense.
That regulatory progress is seen as critical for supporting products like Moonpay deposit, which touch multiple blockchains and jurisdictions.
While MoonPay has not disclosed transaction limits or fee structures for the new service, the company said the product is designed to scale across additional wallets and applications over time.
Analysts note that success will depend on reliability, pricing transparency, and the ability to support a growing range of chains without introducing delays or failed transfers.
Industry observers view Moonpay deposit as part of a broader push to simplify crypto onboarding by reducing the need for users to understand networks, bridges, and asset standards.
Cross-chain tooling has historically been a source of security incidents and user error, making abstraction a key focus for infrastructure providers.
If widely adopted, Moonpay deposit could lower the barrier for new users entering ecosystems like TON, while also giving experienced users a faster way to move capital without relying on centralized exchanges.
The Telegram integration, in particular, offers a large-scale test of whether embedded wallets combined with automated routing can drive mainstream usage.
For now, MoonPay is positioning Moonpay deposit as an infrastructure layer rather than a consumer-facing app, embedding the feature where users already transact.
As competition intensifies among payment providers and wallet platforms, the ability to make cross-chain transfers feel invisible may prove decisive in capturing the next wave of crypto users.
