Telegram plans to roll out a native non-custodial GRAM wallet across its apps this summer, founder Pavel Durov said in a post on Telegram on July 21.
Durov described it as the largest non-custodial cryptocurrency wallet ever built. He said the service would bring instant, fee-free crypto transfers to more than 1 billion users, though he did not give a precise launch date.
A non-custodial wallet lets users hold and control their own crypto directly, rather than leaving the assets with an exchange or other third party. That distinction matters because it gives users control of the keys, and in crypto that is the difference between holding your own coins and relying on someone else to do it for you.
GRAM is the native token of The Open Network, the blockchain tied to the Telegram ecosystem. The token was renamed from Toncoin to GRAM in June, and it was among the better performers in trading after Durov's post.
According to CoinMarketCap, GRAM was trading at $1.53, up 8.52% over the previous 24 hours. The move suggests traders were leaning into the prospect of a broader Telegram-linked wallet rollout, though the company has not yet disclosed the launch mechanics or any rollout schedule beyond “this summer.”
For now, the market is watching for a formal product announcement and a firmer timetable. Any delay, or a launch that falls short of the fee-free transfer pitch, would be the first test for the token’s latest run.
Telegram plans a GRAM wallet for 1 billion users, with direct coin control
Telegram founder Pavel Durov said Telegram will launch a wallet for GRAM, the Telegram-linked cryptocurrency, across its apps this summer, promising more than 1 billion users instant, fee-free transfers while letting them control their own GRAM keys. GRAM traded at $1.53, up 8.52%, after the announcement, though Telegram has not given an exact launch date or explained how the rollout will work.