Libre and TON Foundation Launch $500M Telegram Bond Fund ($TBF) on TON Blockchain

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Libre, the on-chain infrastructure for regulated Real-World Assets (RWAs), and TON Foundation, the non-profit supporting The Open Network blockchain, today announced plans to tokenize $500 million worth of Telegram Bonds through the launch of a tokenized Telegram Bond Fund ($TBF) on TON Blockchain.

The Telegram Bond Fund will provide compliant, on-chain exposure to the ~$2.35 billion outstanding bonds issued by Telegram, enabling institutional and accredited investors across TON ecosystem to access institutional-grade yield products in a DeFi native format. The $500 million tokenized $TBF issued on TON Blockchain also plans to access future bond issuances by Telegram. $TBF will be available as collateral for on-chain borrowing and a component to develop on-chain yield-bearing products exclusively available on TON. This initiative is one of the largest institutional RWA deployments to date and marks TON’s entry as a leader in the RWA space.

As part of the rollout, Libre will deploy its multi-phase Libre Gateway infrastructure on TON to support compliant subscriptions, redemptions, and transferability of tokenized funds. The integration will enable institutional and accredited investors to subscribe to RWAs using fiat or stablecoins and manage their assets via TON-native wallets, bringing a seamless institutional finance experience directly to TON’s user base.

“The launch of the Libre Protocol and the Telegram Bond Fund marks a major step forward in bringing regulated real-world assets to TON ecosystem,” said Max Crown, CEO of TON Foundation. “Libre’s infrastructure bridges the gap between compliance and decentralization, unlocking powerful new opportunities for TON's community to engage with RWAs in a secure and accessible way.”

Libre has already tokenized over $200 million in assets across funds from leading institutions, including BlackRock, Brevan Howard, Hamilton Lane, and Laser Digital. These existing funds will also be accessible to users in addition to the $TBF. With its fully on-chain issuance stack and multi-chain presence, Libre enables seamless access, transferability, and composability of regulated financial assets across public blockchains.

"TON offers a unique opportunity to bridge TradFi and DeFi and expands the reach of regulated RWAs to a global and digitally native user base," said Dr Jez Mohideen, Chairman of Libre and CEO of Nomura’s crypto arm Laser Digital. "This collaboration brings together omni-chain institutional-grade infrastructure and mass-market blockchain usability, with sought-after TradFi assets that have a strong crypto alignment. We look forward to delivering tokenized financial products that combine compliance with composability, unlocking real utility for both institutions and the TON community.”

Libre and TON Foundation will continue to develop the regulatory and legally compliant integration of RWAs in the TON ecosystem.