30-4-2025 – Libre, a pioneering “omnichain” platform dedicated to real-world assets (RWAs), is set to revolutionise investment in Telegram’s financial instruments by tokenizing $500 million in bonds issued by the messaging giant on The Open Network (TON). This initiative, announced on Wednesday, will grant institutional investors unprecedented decentralised access to Telegram’s fixed-income securities, marking a significant milestone in bridging traditional finance with blockchain technology.
The venture will unfold through the creation of the Telegram Bond Fund (TBF), a vehicle designed to provide accredited investors with exposure to a slice of Telegram’s $2.4 billion corporate debt portfolio. The TBF will serve as a versatile asset within TON’s decentralised finance (DeFi) ecosystem, enabling eligible participants to leverage it as collateral for yield-generating services or to engage in borrowing and lending activities, according to Libre’s statement.
Libre’s collaboration with the TON Foundation, the non-profit steward of TON’s blockchain, aims to reshape the landscape of tokenized corporate bonds, a segment that has historically lagged in the $18.9 billion RWA market. Data from RWA.xyz and The Block reveals that tokenized RWAs have surged by 89% since last April, when their value stood at $10 billion. By harnessing TON’s vast network, which supports Telegram’s billion-plus monthly active users, Libre seeks to elevate the prominence of these assets. The platform has already tokenized over $200 million in institutional assets from titans like BlackRock, Brevan Howard, and Hamilton Lane across blockchains such as Injective, with plans to extend these offerings to TON, as confirmed by Libre’s chairman, Jez Mohideen.
Further expanding its vision, Libre will introduce its “Gateway” system, enabling seamless investment in RWAs through TON-native wallets using stablecoins or fiat currencies. Max Crown, CEO of the TON Foundation and co-founder of MoonPay, hailed the TBF’s launch as a transformative step towards integrating regulated real-world assets into TON’s thriving ecosystem, heralding a new era for decentralised finance.
