Tokenization firm Libre announced plans to launch a $500 million Telegram Bond Fund (TBF) on the TON blockchain.
The move signifies a bold move to bridge traditional finance (TradFi) and decentralized ecosystems.
Libre To Launch $500 Million Telegram Bond Fund
TBF marks a significant milestone in the growing trend of real-world asset (RWA) tokenization, backed by over $2.35 billion in outstanding Telegram bonds.
It tokenizes existing Telegram debt, giving accredited investors access to institutional-grade fixed-income products with full on-chain utility.
With Libre’s initiative, the tokenized bond fund can serve as collateral for borrowing and on-chain product development within TON ecosystem. TON, or The Open Network, is increasingly integrated with Telegram’s 950 million-plus user base.
“What we’ve created is like a fixed income fund that acquires the bonds and then we tokenize the fund,” Libre CEO Avtar Sehra said in an interview.
Reportedly, when users purchase units in Libre’s Telegram Bond Fund on the TON chain, they can access the returns of the underlying bonds themselves.
Based on this dynamic, they can use the bonds for collateral and ease transfers. Ultimately, the bonds also help create utility with these financial instruments.
This development comes amid growing interest in Telegram’s yield bonds, whose structure bears a relatively high yield of up to 9.4%.
Meanwhile, this is not the first time Libre has ventured into this space. The tokenization firm recently tokenized over $200 million in assets across major institutional funds.
Among them are BlackRock, Brevan Howard, Hamilton Lane, and Nomura’s digital assets unit, Laser Digital.
Libre Bets on Telegram’s Unique Distribution Advantages
The launch of TBF comes amid a broader wave of RWA tokenization initiatives. Notably, asset management giant Franklin Templeton recently expanded its presence in the space by launching a tokenized money market fund on the Solana blockchain.
Much like Libre, Franklin Templeton is leveraging blockchain rails to modernize access to traditional yield-bearing assets. At the same time, the asset manager is enabling on-chain programmability and composability.
However, Libre’s decision to build on TON reflects a strategic bet on Telegram’s unique distribution advantages.
While Telegram originally developed it, TON blockchain is now a standalone project. However, it still retains deep integration with the messaging platform.
Over the past year, the network has introduced a series of crypto-native features aimed at mass adoption. One of the latest is a TON Space wallet update allowing users to pay gas fees with Telegram Stars. This move lowered the friction for interacting with blockchain-based assets.
This seamless connection between messaging and finance is central to Libre’s long-term vision. Sehra noted that many clients seek exposure to financial products embedded within ecosystems they already use.
With Telegram as a gateway and TON as the infrastructure, TBF could become a cornerstone of real-world financial integration in Web3.
Despite this report, however, TON TVL (Total Value Locked) continues to decline, down almost 2% in the last 24 hours to $136.2 million. In the same way, Toncoin (TON) price is down by almost 2% in the last 24 hours, and was trading for $3.23 as of this writing.
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