Libre aims to tokenize $500 million of Telegram bonds on TON in real-world asset push

Libre, the "omnichain" platform that deals with real-world asset (RWA) tokenization, revealed plans to tokenize $500 million of corporate bonds issued by Telegram on The Open Network (TON). The process will grant institutional investors decentralized exposure to Telegram's fixed-income instruments for the very first time.

The tokenization will be done via the Telegram Bond Fund (TBF), which will provide accredited investors with exposure to a portion of Telegram's $2.4 billion of outstanding corporate debt. As per Libre's Wednesday statement, users will also be able to utilize TBF tokens as collateral within TON's DeFi ecosystem, allowing access to yield-generating services, borrowing, and lending platforms.

Libre to bring traditional finance to TON's DeFi infrastructure

Tokenized real-world assets have grown to $18.9 billion in value—a 89% rise from last April's $10 billion—per RWA.xyz and The Block. Corporate bonds have long held the smallest slice of this niche, but Libre's deal with the TON Foundation is meant to reverse that by providing tokenized securities on a blockchain with Telegram, which has more than 1 billion monthly active users.

Libre has already tokenized more than $200 million in assets on several chains, including Injective, a Binance-supported Layer 1, with institutional clients such as BlackRock, Brevan Howard, and Hamilton Lane. Libre chairman Jez Mohideen states that the company is also going to move these funds onto the TON network.

The company's plan involves enabling RWA investments through stablecoins and fiat directly into TON-native wallets via its "Gateway" system, expanding access to both crypto-native and institutional investors.

"The release of the Telegram Bond Fund represents a significant milestone in introducing regulated real-world assets to TON's ecosystem," said Max Crown, CEO of the TON Foundation and co-founder of MoonPay.

Libre's effort also highlights the growing overlap of classic financial products with blockchain technology, particularly in ecosystems supported by giant user bases such as Telegram. As TON continues to evolve into a stable DeFi framework, tokenized assets such as TBF could become a gateway of paramount importance for institutional capital.

By including relevant keywords and linking to related articles, the rewritten content aims to provide comprehensive information while enhancing search engine optimization for CryptoTelegraphs.

Join Telegram Channel For Daily New update: https://t.me/cryptotelegraphs_updates