Libre, a real-world asset (RWA) tokenization platform, is set to tokenize $500 million worth of Telegram-issued corporate bonds, or Telegram bonds, on the Open Network (TON). This will significantly expand access to regulated fixed-income products within the decentralized finance (DeFi) ecosystem. This move is being executed through the launch of the Telegram Bond Fund (TBF), which aims to offer on-chain access to Telegram’s massive debt worth around $2.35 billion. The Telegram Fund is specifically built for verified professional investors and institutional investors.
Expanding Access to Regulated Yield Products
The participants of the Telegram fund will receive tokenized units on the TON blockchain. It will allow them to gain exposure to Telegram’s high-grade debt instrument in a regulatory-friendly and decentralized format. These tokenized assets can be used as collateral with the TON DeFi ecosystem that will allow the users to do lending, borrowing, and other yield-generating activities. Libre CEO Avtar Sehra explained that what they have created is more like a fixed-income fund that acquires the bond and then tokenizes the funds. So let’s say someone purchases the unit with funds present on the TON chain. They will gain access to the returns of the underlying bonds themselves, resulting in an easy transfer and real financial use.
Libre’s Proven Track Record in Tokenization
Libre is no newcomer to RWA tokenization, as it has already successfully tokenized over $200 million worth of assets. These assets were across funds managed by top-tier institutions that include BlackRock, Brevan Howard, Hamilton Lane, and Nomura Laser Digital. The platform operates on many networks, such as Injective, NEAR, Solana, and Ethereum Layer 2 scaling solutions. The strategic collaboration between TON Foundation and Libre at redefining accessibility and usability for financial institutions.
TON was originally developed by Telegram and now operates independently, positioning itself as a high-performing blockchain that seamlessly integrates the Telegram user base into its system. The Telegram Bond Fund (TBF) allows access to institutional products in the ecosystem that offer usability and scalability. Jez Mohideen, chairman of Libre and CEO of Laser Digital, has highlighted the importance of this move and collaboration. According to him, the collaboration brings together a multichain system built for institutions and mass-market blockchain usability. Along with sought-after traditional financial assets that are very well aligned with crypto.
Lauch of Libre Gateway on TON
As part of the rollout, Libre will integrate its multi-phase “Libre Gateway” infrastructure on the TON blockchain. The infrastructure is tailored to facilitate compliant asset subscriptions, withdrawals, and transferability of tokenized funds. Institutional investors will also be able to invest using either fiat currencies or stablecoins. Libre’s custom blockchain-based system transforms real-world assets into reusable blocks for DeFi. Linking asset managers with on-chain investors and digital distribution channels. Tokenized RWAs have hiked in value and touched the mark of $18.9 billion, showing an 89% increment in value from $10 billion a year ago.
TON/USD chart, published on Tradingview, April 30, 2025
Despite the growth, corporate bonds remain one of the smallest segments with tokenized assets. Libre’s $500 million TBF aims to change that, providing a secure and scalable path to bring an income product on-chain. As of April 30, 2025, TON is trading at $3.2372, indicating a gain of $0.0490, or around 1.54%, in the last 24 hours. While the token remains 60.9% below its all-time high of $8.25 from June 2024, this new initiative could result in fresh utility and institutional interest in the TON blockchain.
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