Telegram’s TON to back $500m tokenized bond fund in partnership with Libre

Libre, a tokenization firm with ties to heavyweights like Brevan Howard, Hamilton Lane, and Nomura’s Laser Digital, has unveiled plans to tokenize $500 million of Telegram debt through the Telegram Bond Fund (TBF). The mega initiative will tap into The Open Network (TON), the Telegram-supported blockchain platform. Currently, TON is registering tremendous growth in web3 gaming and in the real-world asset (RWA) market. This move therefore marks a significant step in bridging traditional finance with decentralized ecosystems. Amid this latest positive TON blockchain news, the price of Toncoin (TON) climbed from a key support level. Per CoinMarketCap, TON rose slightly – from $3.14 to touch highs of $3.25. The movement mirrors recent Toncoin price gains that saw bulls attempt to break above a notable downtrend line. Libre brings new era of real-world assets to TON According to details CoinDesk shared on April 30, the Telegram Bond Fund targets accredited investors, with access to Telegram’s $2.35 billion in outstanding bonds on offer. Unlike traditional bond investments, TBF units will live on the TON blockchain, bringing institutional-grade yield products to investors. The bond assets will double as collateral for on-chain borrowing and product development, Libre said. An on-chain offering enhances liquidity and utility, allowing investors to leverage these assets in ways previously confined to conventional markets, Libre’s chief executive officer Avtar Sehra noted in an interview. Why is this big for TON? As noted above, TON, originally conceived by Telegram, has gained traction over the past year. Mainly, an accelerated growth comes from the TON blockchain’s ambition to onboard Telegram’s nearly 1 billion users into the crypto space. Notably, the network’s focus on scalability and user accessibility makes it a natural fit for Libre’s tokenization efforts. Libre’s Sehra emphasized that their goal isn’t a pursuit of tokenization for the sake of it, but aims to unlock practical value for investors. Max Crown, CEO of TON Foundation recently commented in an X post: Max Crown @crownmax · Follow Real world assets (RWAs) on blockchain bring things like real estate, treasury bills, and corporate debt on-chain—making them programmable, tradable 24/7, and accessible.The future of finance is on-chain. 9:38 am · 29 Apr 2025 249 Reply Copy link Read 72 replies Investors across TON’s ecosystem eyeing tokenized opportunities, including money market products can tap into the new product. Libre has ties to leading tokenized funds companies. This includes BlackRock, Brevan Howard, Hamilton Lane, and Laser Digital. What it means is that there’s huge potential for growth, and TBF could be a major game-changer for TON. The bigger picture of the growing tokenized RWAs adoption is the broader impact on the ecosystem. For Toncoin, the native token of the TON ecosystem, the Libre partnership could accelerate the onboarding of Telegram’s massive user base. An explosion of on-chain financial products will likely cascade into upward pressure for the token. The post Telegram’s TON to back $500m tokenized bond fund in partnership with Libre appeared first on Invezz

Source: Invezz