TON is partnering with the tokenization platform Libre to launch a $500 million tokenized bond fund. The fund will be backed by Telegram’s debt.
It’s a move that reflects a growing trend of tokenized bond funds. Traditional financial products are coming on-chain to unlock new use cases and broader access.
Turning Bonds Into Blockchain Building Blocks
Libre’s Telegram Bond Fund (TBF) will give accredited investors access to institutional-grade yield products. But this isn’t just another digital wrapper. These tokenized assets can be used as collateral for on-chain borrowing and to support product development across the TON ecosystem. This turns static bonds into dynamic financial tools.
Libre is no stranger to tokenization. The firm has already digitized over $200 million in assets. These include funds from major players like BlackRock, Brevan Howard, Hamilton Lane, and Nomura’s Laser Digital. Now, they’re zeroing in on a new target: Telegram’s $2.35 billion in outstanding bonds.
A $500M leap forward for #RWAs.
Honoured to launch the Telegram Bond Fund ($TBF) with @ton_blockchain bringing compliant, institutional access to Telegram issued bonds natively on TON.
The future of finance is on-chain.
#RWAs #TON #TBF #Libre https://t.co/fZJcNIcRZ2
— LibreCapital (@librecap) April 30, 2025
The concept is straightforward but powerful. Libre buys the bonds, packages them into a fund, and tokenizes the fund on-chain. Investors then buy tokens—units of that fund—on the TON blockchain. These tokens represent ownership in the bond fund and generate yield tied to the underlying debt. “You’re essentially buying into a fixed income fund,” said Libre CEO Avtar Sehra. “Only now, it lives on a blockchain, making it easier for things like collateral or fast transfers.”
This approach bridges traditional fixed-income markets and blockchain’s speed, transparency, and programmability. It also fits within a broader movement. According to RWA.xyz, tokenized RWAs reached nearly $3.1 billion in value by Q1-2025. This growth comes as investors seek more stable, yield-generating assets in a volatile crypto landscape. Here is another interesting chart about tokenized RWAs:
TOKENIZED REAL-WORLD ASSETS SET TO HIT $18.9 TRILLION – AND WE’RE ALL IN
RWAs are projected to blow up from $0.6T in 2025 to a staggering $18.9T by 2033 as TradFi scrambles to on-chain everything from real estate to gold, to fashion, pharma, genomics, and even cannabis!
This… pic.twitter.com/PkyQTKAXq1
— Mario Nawfal (@MarioNawfal) April 13, 2025
Why It Matters for TON and Beyond
For the TON foundation, this is more than a headline. It’s a way to bring serious financial utility to the chain, powered by Telegram’s massive global reach. If successful, the TBF could spur more developers to build lending, DeFi, and RWA apps that tap into these tokenized assets.
One recent example? Franklin Templeton’s tokenized U.S. Treasury fund which crossed $380 million in March. It shows growing demand for digital fixed-income products that act like their traditional counterparts, just more accessible and versatile.
Disclaimer
The information discussed by Altcoin Buzz is not financial advice. This is for educational, entertainment, and informational purposes only. Any information or strategies are thoughts and opinions relevant to the accepted risk tolerance levels of the writer/reviewers, and their risk tolerance may differ from yours. We are not responsible for any losses you may incur due to any investments directly or indirectly related to the information provided. Bitcoin and other cryptocurrencies are high-risk investments, so please do your due diligence. Copyright Altcoin Buzz Pte Ltd.
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