Libre and TON Foundation have announced a groundbreaking collaboration to tokenize $500 million worth of Telegram Bonds on the TON Blockchain. This move will provide institutional and accredited investors within the TON ecosystem with compliant exposure to approximately $2.35 billion outstanding bonds issued by Telegram.
The tokenized Telegram Bond Fund (TBF) will offer investors access to institutional-grade yield products in a DeFi native format. Investors will be able to use TBF as collateral for on-chain borrowing and in the development of on-chain yield-bearing products on TON. Additionally, the $500 million tokenized TBF issued on TON Blockchain aims to access future bond issuances by Telegram.
According to Jez Mohideen, Chairman of Libre and CEO of Nomura’s crypto arm Laser Digital, TON expands the reach of regulated Real-World Assets (RWAs) to a global and digitally native user base. The collaboration between Libre and TON Foundation aims to deliver tokenized financial products that combine compliance with composability, offering real utility for both institutions and the TON community.
The Telegram Bond Fund is touted as one of the largest institutional RWA deployments to date. Libre and TON Foundation are committed to developing regulatory and legally compliant integrations of RWAs in the TON ecosystem.
In addition to tokenizing Telegram Bonds, Libre will deploy its multi-phase Libre Gateway infrastructure on TON as part of the collaboration. This infrastructure will support compliant subscriptions, redemptions, and transferability of tokenized funds. Institutional and accredited investors will be able to subscribe to RWAs using fiat or stablecoins and manage their assets through TON-native wallets.
Libre is a purpose-built, Layer-1 AppChain for RWA infrastructure, transforming RWAs into composable and compliant DeFi building blocks. The Libre Gateway connects asset managers and digital distribution channels through on-chain subscriptions, redemptions, and cross-chain allocations. To date, Libre has tokenized over $200 million in assets from institutions such as BlackRock, Brevan Howard, Hamilton Lane, and Laser Digital.
TON Foundation CEO Max Crown commented that the launch of the Libre Protocol and the Telegram Bond Fund represents a significant step forward in bringing regulated real-world assets to the TON ecosystem. Libre’s infrastructure bridges the gap between compliance and decentralization, unlocking new opportunities for the TON community to engage with RWAs in a secure and accessible manner.
At the time of writing, TON trades at $3.22, with a slight decrease in the short term but a positive trend over the long term. The collaboration between Libre and TON Foundation sets the stage for a new era of tokenized financial products on the TON Blockchain, offering institutional and accredited investors innovative opportunities to participate in the digital asset space.