Top Telegram Crypto Exchange Secures Major VC Backing in its Pre Seed Round

Telegram has become more than just an instant messaging service. Thanks to its ability to integrate crypto services and apps, the communication platform has become a breeding ground for crypto use cases.

From tap-to-earn games to microtransactions, Telegram is a diverse ecosystem. But this time around, the messaging world is full of excitement as a unique app has taken the messaging platform by storm. Vanilla Finance is a full-fledged crypto exchange that allows TG users to directly access its trading services from the messaging app.

Leading VC Firms Show Interest

Vanilla Finance’s bleeding edge services have not gone unnoticed. In fact, the crypto exchange has secured backing from multiple VCs. The pre seed round was led by UOB Ventures, Paper Ventures and ABCDE Labs. Other major investors such as STEPN, XAI, Open Space, Cherry Ventures, Scroll, Signum Capital, Y2 Ventures, Ocular, and HTX Ventures also took part, exceeding expectations.

A spokesperson from UOB Ventures described the attraction Vanilla Finance had and the reason why the investment subsidiary of one of Asia’s largest banks took part in the pre seed round,

“We are thrilled to support Vanilla Finance” … “Their innovative approach to trading on Telegram, combined with their vision for the future, aligns perfectly with our investment philosophy in fostering leaders in finance."

The Telegram-based exchange is already serving TG crypto enthusiasts and traders, with trading volume that has exceeded $8 billion since the two months of its launch.

Asia’s Insatiable Demand

The Asian market is swiftly expanding and the digital economy’s footprint is unignorable. Vanilla Finance’s efforts to create localized services that cater to the unique requirements put it at the forefront. With a rising tech-savvy population, the South Asian and APAC region is one of the most crypto-aware parts of the world.

Vanilla Finance’s exchange integration within the Telegram app means these users will be less dependent on CEXs or DEXs, trading digital assets directly from within the messaging app on their mobile devices.

Danish Chaudhry from Paper Ventures described this very reason of the TG exchange’s approach that attracted the backer,

"Vanilla Finance's strategy to expand into the Southeast Asia and APAC regions aligns perfectly with the tremendous growth potential in digital finance. We see these markets as the future of investment opportunities."

Carefully Planned Actions

Vanilla Finance has quickly risen to the number 1 spot on Telegram for several reasons. It intends to overhaul the average crypto user experience on the messaging app through several initiatives.

First, Vanilla Finance will concentrate on a completely intuitive user experience. With several features in development, the crypto exchange will ensure simplicity for new users, while offering all the powerful data-driven decision-making options power traders need.

Secondly, it understands that meme coins are here to stay. Its soon-to-come spot market will focus heavily on meme coins. Not limited to just trading the coins, Vanilla Finance’s plans include a meme generator, staking, and (eventually) futures trading.

Telegram May Lead The 2025 Crypto Market

Vanilla Finance’s decision to take the unorthodox Telegram route is firmly grounded in the messaging platform’s successful integration of crypto. VCs like OKX Ventures have invested heavily to promote crypto adoption through Telegram.

Estimates say that as many as a billion TG users will rely on the crypto integration in one way or another. Vanilla Finance has fine-tuned itself to take advantage of this, with plans to increase its user base to 100 million in the coming months.

As the crypto bull run expands and keeps attracting users towards trading, hodling and generally using digital assets as a payment means, Vanilla Finance is at the forefront of adoption, cementing its place in the Telegram crypto world.