Libre and TON Foundation Unveil $500M Telegram Bond Fund ($TBF) on TON Blockchain
Libre, a leading provider of on-chain infrastructure for regulated Real-World Assets (RWAs), has partnered with the TON Foundation, the organization supporting The Open Network blockchain, to launch a groundbreaking tokenized fund. Together, they will tokenize $500 million worth of Telegram Bonds through the newly introduced Telegram Bond Fund ($TBF), deployed on the TON Blockchain.
This initiative brings compliant, on-chain access to Telegram’s approximately $2.35 billion in outstanding bonds. The $TBF fund is designed for institutional and accredited investors within the TON ecosystem, offering them exposure to institutional-grade yield products in a decentralized finance (DeFi)-native format. Additionally, $TBF will be integrated as collateral for on-chain borrowing and used as a foundational component for developing yield-generating DeFi products exclusive to TON. This marks one of the largest institutional RWA deployments to date and positions TON as a major player in the evolving RWA space.
To support this rollout, Libre will implement its multi-phase Libre Gateway infrastructure on TON. This system ensures compliance in subscriptions, redemptions, and transferability of tokenized funds. Investors will be able to subscribe using fiat or stablecoins and manage their holdings via TON-native wallets, offering a streamlined institutional experience within the blockchain ecosystem.
“The launch of the Libre Protocol and the Telegram Bond Fund is a significant leap in integrating regulated RWAs into the TON ecosystem,” said Max Crown, CEO of TON Foundation. “Libre’s robust infrastructure bridges the divide between regulatory compliance and decentralization, enabling secure and efficient access to real-world financial instruments for the TON community.”
Libre has already facilitated the tokenization of over $200 million in assets from prestigious institutions such as BlackRock, Brevan Howard, Hamilton Lane, and Laser Digital. These tokenized funds will also be available to users on TON alongside the new $TBF fund. With its fully on-chain issuance stack and cross-chain capabilities, Libre simplifies the accessibility, portability, and composability of regulated financial assets across public blockchains.
“TON presents a unique gateway to connect traditional finance with DeFi, expanding the global reach of regulated RWAs to a digitally native audience,” said Dr. Jez Mohideen, Chairman of Libre and CEO of Laser Digital, Nomura’s crypto division. “This collaboration blends institutional-grade infrastructure with blockchain accessibility, enabling tokenized TradFi assets to flourish in a DeFi environment. We’re excited to bring real-world utility to both institutions and the TON community.”
Libre and the TON Foundation will continue advancing the compliant integration of RWAs within the TON network, setting a new standard for how regulated financial products are deployed and accessed in decentralized ecosystems.