Libre and the TON Foundation Are Collaborating to Create a $500M Telegram Bond Fund ($TBF)

Libre and the TON Foundation have joined forces to launch the Telegram Bond Fund (TBF) on the TON blockchain, in what could be one of the largest tokenised corporate debt ventures yet.

Announced on Sunday, the initiative will see $500 million of Telegram bonds tokenised and sold to institutional and accredited investors through a new fund.

It comes as the RWA narrative continues to gather pace.

What did the officials say?

Max Crown, CEO of the TON Foundation, said in a blog on TON’s website that the collaboration “unlocks powerful new opportunities for TON’s community to engage with real-world assets in a secure and accessible way.”

He added that it “further solidifies TON’s leadership in regulated asset tokenisation.”

The startup's role in the creation of the Telegram Bond Fund (TBF) is a testament to its commitment to pushing the boundaries of financial technology and expanding the possibilities of blockchain integration.

The startup's contributions to the establishment of the fund, which is being built to tokenize $500 million in Telegram bonds on the TON blockchain, will unlock a new level of access for institutional and accredited investors.

Those investors will also be able to easily subscribe to, redeem from and transfer units of the TBF, thanks to the multi-phase Libre Gateway infrastructure.

The initiative builds on Libre’s expertise in asset tokenisation.

Earlier this year, Ben Williams, CEO of digital asset investment firm, announced that Libre had already tokenised more than $200 million in assets for some of the biggest names in finance. They included behemoths like BlackRock (NYSE:BLK) and Brevan Howard.

In addition, the startup's deep integration into Telegram's ecosystem of over 950 million users means investors will be able to access and manage their tokenised bond holdings.

What else did we learn?

The new fund provides accredited investors with a unique on-chain route to an institutional-grade fixed-income product with yields of up to 9.4%.

It introduces seamless subscription, redemption and transfer capabilities through its multi-phase Libre Gateway infrastructure, leveraging Libre’s proven track record.

The initiative is powered by Libre and the TON Foundation, and is supported by institutions.

With TON’s complete integration into Telegram’s ecosystem of over 950 million users, investors can now access and manage their tokenised bond holdings from any TON-native wallet.

This fabricates a seamless bridge between fiat, stablecoins and decentralised finance (DeFi) on TON, where a burgeoning ecosystem of yield farming, lending and borrowing protocols can leverage tokenised bonds as on-chain collateral.

Dr. Jez Mohideen, Chairman of Libre and CEO of Laser Digital, added that TON’s unique combination of mass-market usability and deep institutional infrastructure creates “a seamless bridge between TradFi and DeFi for a global, digitally native audience.”

The launch comes as the market for tokenised real-world assets (RWAs) continues to grow rapidly.

According to a recent report by Chainalysis, the total value of RWAs tokenised on blockchains is now an estimated $18.9 billion.

However, the report found that the majority of tokenised RWAs are commodities and real estate.

Despite the potential of tokenised corporate debt to revolutionise the way companies raise capital, it still forms a relatively small part of the RWA market.

TBF is poised to be a pivotal catalyst in advancing the large-scale adoption of tokenised debt products.

As one of the largest tokenised corporate debt ventures to date, TBF will be instrumental in expanding the role of blockchain technology in institutional finance.

The post Libre & TON Foundation team up for $500M Telegram Bond Fund