Telegram's Libre to Tokenize Half a Billion Dollars in Bonds Utilizing TON Blockchain, Bolstering Decentralized Finance Availability
Tokenizing Telegram's Corporate Debt: Libre's Telegram Bond Fund Reworked
Libre, a Real-World Asset (RWA) tokenization platform, is shaking up the decentralized finance (DeFi) ecosystem by tokenizing $500 million worth of Telegram-issued corporate bonds on the Open Network (TON). This ambitious move will make regulated fixed-income products more accessible within the DeFi sphere. The Telegram Bond Fund (TBF) offers institutional and verified professional investors a chance to tap into Telegram's debt, valued around $2.35 billion.
Expanding Yield Opportunities
The TBF empowers participants to receive tokenized units on the TON blockchain, giving them exposure to Telegram's high-grade debt instrument in a user-friendly and decentralized format. These digital assets can function as collateral within the TON DeFi ecosystem, enabling activities like lending, borrowing, and generating yields. Libre's CEO, Avtar Sehra, explains the fund as a fixed-income strategy that acquires the bonds and tokenizes the assets. Effectively, investors gain direct access to the returns from the underlying bonds.
Libre's History of Successful Tokenization
Libre has already made waves in RWA tokenization by successfully tokenizing over $200 million worth of assets from top-tier institutions, such as BlackRock, Brevan Howard, Hamilton Lane, and Nomura Laser Digital. The platform can operate on various networks, including Injective, NEAR, Solana, and Ethereum Layer 2 scaling solutions. The strategic partnership between the TON Foundation and Libre is set to revolutionize accessibility and usability for financial institutions.
TON was first developed by Telegram and now operates independently, striving to be a high-performing blockchain that integrates Telegram's user base effortlessly. The TBF gives institutional investors access to products within the ecosystem that offer usability and scalability. Jez Mohideen, chairman of Libre and CEO of Laser Digital, emphasizes the importance of this alliance, noting that it couples a multichain system for institutions with mass-market blockchain usability, along with sought-after traditional financial assets aligned with crypto.
Libre Gateway on TON and Institutional Investment
A key part of the rollout involves integrating Libre's multi-phase "Libre Gateway" infrastructure on the TON blockchain. This infrastructure facilitates compliant asset subscriptions, withdrawals, and tokenized fund transferability, catering to institutional investors who can invest either using fiat currencies or stablecoins. Tokenized RWAs have boomed in value, surpassing $18.9 billion, showing an 89% increase from a year ago.
While corporate bonds remain one of the smallest segments in terms of tokenized assets, Libre's TBF is poised to change that. By offering a secure and scalable path to bring income-generating products on-chain, the initiative seeks to revolutionize the DeFi landscape, potentially leading to fresh interest and utility in the TON blockchain. As of April 30, 2025, TON is trading at $3.2372, up 1.54% in the last 24 hours, despite being 60.9% below its all-time high of $8.25 from June 2024.
Key Insights:
- Telegram Bond Fund (TBF) provides compliant, on-chain exposure to approximately $2.35 billion in outstanding Telegram bonds, opening up DeFi-native yield products for institutional and accredited investors.
- Tokenized bonds function as collateral within the TON DeFi ecosystem, enhancing liquidity and utility by enabling investors to leverage their bond holdings.
- The TBF facilitates the development of exclusive, on-chain yield-bearing products in the TON ecosystem, offering investors attractive return opportunities through decentralized mechanisms.
- Libre's multi-phase infrastructure, including the Libre Gateway, supports compliant subscription, redemption, and transferability of tokenized funds, enabling investors to manage their holdings seamlessly.
- By leveraging the TON Blockchain, this initiative increases the global reach of regulated RWAs, making them accessible to a digitally native user base, thus bridging the gap between traditional finance and DeFi.
- The Telegram Bond Fund (TBF) allows institutional and accredited investors to gain on-chain exposure to around $2.35 billion in Telegram bonds, expanding yield opportunities within the decentralized finance (DeFi) sphere.
- Tokenized units of Telegram's high-grade debt instruments, obtained through the TBF, can function as collateral within the TON DeFi ecosystem for activities like lending, borrowing, and yield generation.
- Libre's strategic partnership with the TON Foundation aims to revolutionize accessibility and usability for financial institutions, integrating Telegram's user base seamlessly with the TON blockchain.
- Libre's platform has successfully tokenized over $200 million worth of assets from major institutions such as BlackRock, Brevan Howard, Hamilton Lane, and Nomura Laser Digital, demonstrating its success in RWA tokenization.
- The TBF employs a fixed-income strategy that acquires the bonds and tokenizes the assets, giving investors direct access to the returns from the underlying bonds.
- The initiative's key component, the Libre Gateway infrastructure, facilitates compliant asset subscriptions, withdrawals, and transferability on the TON blockchain, catering to institutional investors who can invest using fiat currencies or stablecoins.
- The success of the TBF could increase the global reach of regulated RWAs by making them accessible to a digitally native user base, thereby bridging the gap between traditional finance and DeFi.
- By 2025, the TON blockchain could potentially see increased interest and utility due to the revolutionary DeFi landscape it aims to create with initiatives like the TBF, which seeks to bring income-generating products on-chain.
- Jez Mohideen, the chairman of Libre and CEO of Laser Digital, emphasizes the significance of the alliance between TON and Libre, highlighting its potential to couple a multichain system for institutions with mass-market blockchain usability, along with sought-after traditional financial assets aligned with crypto.
