TON Fund:- In a major move for DeFi and RWA sector, Libre and TON Foundation have come together to launch a $500mn RWA Fund.

The newly launched Telegram Bond Fund ($TBF) aims to tokenize telegram corporate debt in the form of bonds. Worth around $500 million, this is the largest RWA bet in DeFi.

In a significant move for the DeFi and Real World Asset (RWA) sector, Libre and TON Foundation have joined forces to launch a $500 million RWA fund.

The newly announced Telegram Bond Fund ($TBF) aims to tokenize Telegram corporate debt in the form of bonds. Valued at approximately $500 million, this marks the largest RWA bet within DeFi.

Known for its popular web2 messaging platform, Telegram’s corporate debt is estimated at $2.4 billion. The new Telegram Bond Fund endeavors to provide institutional-grade players with access to this debt. This tokenized debt will be executed on the TON blockchain and will serve as a high-yield investment instrument for investors.

Libre, the partner in this fund launch, will be responsible for providing the necessary infrastructure for the fund’s implementation. Moreover, Libre plans to utilize future bond issuances as collateral for on-chain borrowing and yield-bearing products.

As stated in the press release shared with Coingape, subscriptions for the tokenized debt can be made using fiat or stablecoins through Libre’s Gateway Infrastructure on TON. This infrastructure will also facilitate investor subscriptions, redemptions, and transferability of the tokenized funds.

After recent events like the Mantra collapse and subsequent recovery, the RWA sector continues on its growth trajectory. By the end of the year, the sector’s total market cap is expected to reach $50 billion.