TL;DR
- Tokenization Milestone: Libre and TON Foundation are set to tokenize $500 million in Telegram bonds by launching a tokenized Telegram Bond Fund on the TON blockchain.
- Bridging Finance & DeFi: The initiative converts traditional bonds into digital assets, allowing institutional investors to gain compliant on-chain exposure and the use of tokenized bonds as collateral for yield strategies.
- Streamlined Investment Process: With the implementation of Libre’s multi-phase Gateway, the project ensures smooth, compliant subscriptions, redemptions, and token transfers.
Libre and TON Foundation have joined forces to tokenize $500 million in Telegram bonds. This ambitious initiative will deploy a tokenized Telegram Bond Fund (TBF) on the TON blockchain, offering institutional and accredited investors compliant, on-chain exposure to a segment of Telegram’s nearly $2.35 billion in outstanding bonds.
The @Telegram Bond Fund ($TBF) on @TON_Blockchain represents the future of capital market:
1. Seamless transferability
2. Ease of use as collateral / reserves
3. Composable with other onchain protocols
4. Flexible for onchain native instrument manufacturing… pic.twitter.com/aVZYO8YpJj— Avtar Sehra (@avtarsehra) April 30, 2025
Tokenization Initiative Takes Center Stage
The collaboration aims to transform traditional bonds into a digital format, enabling a seamless link between regulated financial markets and DeFi. By tokenizing these assets, the TBF will not only offer a new investment avenue but also set a precedent for large-scale real-world asset integration into blockchain ecosystems.
This move is expected to be one of the largest institutional real-world asset deployments on chain, highlighting the growing appetite for regulated, transparent crypto investment vehicles.
Institutional-Grade DeFi Integration
At the heart of the project is the creation of institutional-grade yield products presented in a fully DeFi-native format. Investors will be able to use the TBF tokens as collateral for on-chain borrowing and other yield-bearing strategies, ensuring that these tokens are more than just static investments.
With the tokenization process designed to accommodate future bond issuances by Telegram, the platform is poised to remain relevant as bond markets evolve. Industry leaders view the initiative as a powerful merger of traditional finance with blockchain technology, promising to deliver both security and composability in financial products.
Paving the Way for a Tokenized Future
The partnership will also see the deployment of Libre’s multi-phase Libre Gateway infrastructure on the TON blockchain. This gateway will streamline processes such as compliant subscriptions, redemptions, and token transfers, allowing institutions to subscribe using fiat or stablecoins and manage their investments through TON-native wallets.
As this regulatory-compliant framework evolves, it will unlock significant new opportunities for institutional investors while driving mass adoption of tokenized financial instruments. Together, Libre and TON Foundation are charting a forward-thinking path that bridges regulatory finance with the dynamic capabilities of blockchain technology, setting the stage for a more integrated and innovative digital asset ecosystem.
