Revolutionizing Fixed Income: Tokenized Bonds on the TON Blockchain

In a significant move bridging traditional finance and the burgeoning world of blockchain, Libre, in collaboration with the TON Foundation, is launching a Telegram Bond Fund (TBF) worth $500 million on The Open Network (TON).This initiative aims to tokenize a portion of TelegramS outstanding bonds, valued at $2.35 billion, offering accredited investors a novel avenue for institutional income while simultaneously unlocking the potential of traditional financial instruments within the decentralized finance (DeFi) ecosystem.

The TBF represents one of the most aspiring blockchain-based corporate debt endeavors to date. By tokenizing ownership shares of these bonds, Libre seeks to provide investors with access to bond yields and the ability to leverage these assets as collateral for various DeFi activities, such as borrowing and yield farming.

Unlocking New Potential: How the Telegram Bond Fund Works

The core function of the TBF lies in it’s ability to acquire traditional bonds and later digitize ownership through blockchain technology. This innovative approach allows investors to purchase tokenized fund shares, granting them exposure to bond yields and enabling their use as security within defi protocols.This integration is especially appealing in the current economic climate, where institutions are actively seeking income-generating opportunities amidst a landscape of fluctuating interest rates.

RWA Tokenization: A Market on the Rise

The introduction of the TBF coincides with the rapid expansion of the Real-World Asset (RWA) tokenization sector. Currently valued at $18.9 billion, the industry has experienced an extraordinary 89% growth as 2024. While tokenized commodities and real estate have gained traction, corporate bonds have lagged behind. Libre’s strategic integration with Telegram aims to address this gap and propel the adoption of tokenized corporate debt.

Strategic Partnership: Libre and the TON Ecosystem

Libre brings prior experience in tokenizing $200 million in assets from institutions like Blackrock,Brevan Howard,and nomura’s Laser Digital. The partnership with the TON Foundation leverages Telegram’s vast user base, facilitating seamless onboarding through integrated crypto wallets and recent features like telegram Stars, which enable transaction fee payments. This synergy aims to streamline the adoption of tokenized assets among Telegram’s extensive user network.

Investors can access the TBF through Libre’s Gateway infrastructure, utilizing fiat currencies or stablecoins. Future plans include expanding credit services through DeFi protocols.The bonds themselves offer attractive returns of up to 9.4%, making them a compelling option for institutions seeking income in the current economic environment.

The Competitive Landscape: RWA tokenization Heats Up

Libre’s proclamation follows similar initiatives from other players in the RWA tokenization space. As a notable example, Franklin Templeton launched a tokenized money market fund on Solana in march 2025. BlackRock‘s BUIDL fund has amassed $2.5 billion in tokenized government securities on Ethereum, while JPMorgan and Fidelity are exploring similar blockchain-based bond products. These developments underscore the growing interest and investment in RWA tokenization across the financial industry.

Though, TON’s unique position as a blockchain closely integrated with Telegram offers distinct advantages. A triumphant TBF could pave the way for broader acceptance of tokenized corporate debt, a market segment that remains relatively untapped compared to government bonds and commodities.

Expert Analysis: The Future of Tokenized Assets

The launch of the Telegram Bond Fund represents a pivotal moment in the evolution of RWA tokenization. By leveraging Telegram’s extensive user base and integrating traditional financial instruments with blockchain technology, Libre and the TON Foundation are poised to unlock new opportunities for institutional investors and drive the adoption of tokenized corporate debt. As the RWA market continues to mature, initiatives like the TBF will play a crucial role in shaping the future of finance.