Libre and TON Partner to Tokenize Telegram Bonds for Institutional Investors

Highlights:

• The new fund will tokenize bonds on the TON Blockchain and will be available for accredited investors.
• The tokenized fund by Libre stands among the largest on-chain deployments of traditional finance assets to date.
• TON uses the large user base of Telegram to bring traditional bonds into blockchain products.

Nomura-backed fund tokenization protocol Libre and the TON Foundation are planning to tokenize over $500 million worth of Telegram-issued bonds on-chain through a new tokenized fund on the TON Blockchain. The Telegram Bond Fund will allow investors who are accredited to access a share of Telegram in outstanding bonds. These tokenized units will provide exposure to fixed-income instruments while enabling use in decentralized finance products within the TON ecosystem.

The RWA narrative just got a huge push as @librecap & TON Foundation are tokenizing $500M of Telegram bonds on TON Blockchain via the Telegram Bond Fund ($TBF)! 🔥

Key points:
💼$500M in Telegram bonds on TON
🏦Access for institutional & accredited investors
⚡Powered by Libre… pic.twitter.com/nXOdSsatKN

— TON 💎 (@ton_blockchain) April 30, 2025

Libre, which focuses on real-world asset tokenization, confirmed the bond fund will deliver on-chain access in a format built for compliant investment. Investors who hold TBF will also be able to use it as collateral across on-chain borrowing systems or within yield-generating tools on the network. The fund intends to participate in future Telegram bond issuances as well.

According to the announcement, this tokenized fund stands among the largest on-chain deployments of traditional finance assets to date. Avtar Sehra, CEO of Libre, said, “What we’ve created is like a fixed income fund that acquires the bonds, and then we tokenize the fund.”

Libre and TON aim to provide these financial products in a structure that supports both digital asset usage and compliance requirements. They will continue building infrastructure that connects traditional instruments to the TON Blockchain, which is closely linked to Telegram’s large global user base.

Libre Builds Access Layer for Tokenized Investments on TON

Libre will introduce the layer needed for access on the TON Blockchain. The infrastructure allows eligible investors to access funds through either stablecoins or fiat currencies while managing them inside TON-native wallets. Libre described this setup as one designed to connect asset managers to blockchain-based distribution and investment.

The company operates as a Layer-1 AppChain tailored for transforming real-world assets into compliant building blocks for decentralized finance. Its goal is to make traditional investment instruments function inside the digital finance space while maintaining investor protections.

The venture with TON is not the first tokenization that Libre has undertaken. Previously, it collaborated with BlackRock to tokenize other assets. These funds, which are live across other blockchains, will also become accessible on the TON network. This expansion aims to offer more variety to institutional investors looking for traditional yield instruments in digital form.

Jez Mohideen, chairman of Libre, said, “This collaboration brings together omni-chain institutional-grade infrastructure and mass-market blockchain usability.”

TON Taps Telegram’s Scale to Drive Real-World Asset Growth

TON was initially developed by Telegram and later spun out as an independent blockchain project. Despite the change, TON continues to enjoy deep integration with the messaging app, which now has over 950 million active users. Libre’s decision to build on TON reflects its interest in this user base and in expanding traditional asset access through familiar digital environments.

The network has introduced several updates, including a TON Space wallet that allows gas fees to be paid using Telegram Stars. Libre aims to align with these features to offer access to financial products where users already spend time.