Libre to launch $500M tokenized Telegram Bond fund on TON
Telegram debt to be tokenized on TON by Libre.
Libre, a leading tokenization platform, has announced the launch of a $500 million Telegram Bond Fund (TBF) on the TON blockchain.
This decision marked a significant step toward integrating real-world assets (RWAs) with decentralized finance.
Key takeaways
- $500 million worth of Telegram bonds to be tokenized
- $2.35 billion in total Telegram debt available
- 950+ million Telegram users potentially reachable via TON
- Libre has tokenized $200M+ in assets with major partners
Libre brings real-world assets on-chain with Telegram Bond Fund
The fund, composed of tokenized Telegram corporate debt, will provide institutional-grade fixed income products to accredited investors — with added utility in the form of on-chain borrowing and collateral use.
The move will open access to a portion of Telegram’s $2.35 billion in outstanding bonds, and is the latest in a broader industry push to bridge traditional finance with blockchain-based services. “What we’ve created is like a fixed income fund that acquires the bonds and then we tokenize the fund,” said Libre CEO Avtar Sehra. “The units live on TON, giving access to returns, ease of transfers, and collateralization.”
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Expanding tokenized finance with institutional partnerships
Libre has already tokenized over $200 million in assets across major funds from financial institutions including BlackRock, Brevan Howard, Hamilton Lane, and Laser Digital (Nomura’s digital asset unit). Its platform is designed not only to digitize assets but to unlock their functionality within blockchain ecosystems — from liquidity provisioning to integration with DeFi tools.
This marks a milestone for the TON network, which originated as a Telegram project and is now growing rapidly, aiming to onboard a sizable portion of the platform’s 950 million global users. TON’s focus has shifted toward building utility for its ecosystem, and Libre’s TBF represents one of the most high-profile institutional integrations to date.
At the time of writing, the price of TON reached $3.2392, up +1.57% over the day.
TON price dynamics (April 2025). Source: TradingView
Real-world utility, not just tokenization
Sehra emphasized that Libre’s approach is not about tokenizing assets for novelty, but for usability: “The real value is unlocking the utility of those assets,” he said, pointing to a growing demand for tokenized money market products and ecosystem-specific investments.
As more institutional capital seeks blockchain-compatible instruments, Libre’s Telegram Bond Fund could become a blueprint for future on-chain financial products — especially within ecosystems with large native user bases like TON.
We also reported earlier that TON expands Blockchain connectivity: LayerZero to support 12 networks.
