According to Decrypt, Telegram's associated open network (TON) will launch a decentralized bridge service TON Teleport BTC, allowing users to transfer Bitcoin to the TON network to participate in DeFi activities. The TON Foundation said that the system will allow Bitcoin holders to participate in DeFi applications such as decentralized exchanges and lending platforms while maintaining the security of their original assets. All transactions will be executed through smart contracts and verified by TON blockchain verification nodes.