Libre and TON Launch $500 Million Tokenized Telegram Bond Fund

Libre, a real-world asset (RWA) tokenization platform, has announced the launch of a $500 million Telegram Bond Fund (TBF), designed to tokenize a portion of Telegram’s corporate debt. The fund will operate on The Open Network (TON), the blockchain initially developed by Telegram and now independently maintained.

The initiative aims to offer institutional and accredited investors exposure to Telegram’s outstanding bonds in a tokenized format. By bringing corporate debt on-chain, the TBF seeks to merge the fixed-income appeal of traditional financial instruments with the transparency, flexibility, and efficiency of blockchain infrastructure.

Tokenizing corporate bonds opens new pathways for investor participation, enabling a broader range of capital to interact with traditionally exclusive assets. The move also aligns with a broader trend in decentralized finance to bring real-world assets onto public blockchains, improving liquidity and accessibility.

Accessible via Fiat or Stablecoins with On-Chain Utility

Libre’s Gateway infrastructure enables investors to subscribe to the fund using fiat currencies or stablecoins. The tokenized bonds will be held in TON-native wallets, allowing for streamlined processes around subscription, redemption, and transfer. The infrastructure is designed to facilitate ease of access while maintaining high standards of security and compliance.

The fund’s structure also introduces new utility to Telegram’s debt instruments by allowing tokenized bonds to serve as collateral within decentralized finance (DeFi) applications in the TON ecosystem. This not only provides a yield-bearing product but also extends its functional use across blockchain-native financial services, such as lending protocols and collateralized stablecoin platforms.

Moreover, integrating traditional bonds with smart contract functionality adds a programmable layer to fixed-income instruments, which could enable automated interest distributions, compliance checks, and secondary trading on decentralized exchanges.

Institutional Participation and Proven Track Record

Libre brings notable experience to the venture, having previously tokenized over $200 million in assets from top-tier institutions, including BlackRock, Brevan Howard, Hamilton Lane, and Laser Digital, the digital asset arm of Nomura. The firm’s ability to structure compliant tokenized offerings has made it a recognized player in the emerging RWA space.

The Telegram Bond Fund represents a pivotal step in bridging traditional finance with blockchain innovation. It not only enhances Telegram’s financial strategy but also serves as a compelling proof-of-concept for institutional-grade tokenization. As more enterprises explore blockchain-based capital solutions, initiatives like the TBF may set the stage for broader adoption of tokenized debt products in global markets.