- BlackRock-backed Libre to tokenize $500M of Telegram-issued bonds through Telegram Bond Fund (TBF) on TON network.
- TBF unlocks institutional-grade yield products and DeFi borrowing opportunities.
- TON price charts indicate bullish potential as demand for RWAs grows.
Libre, a real-world asset (RWA) tokenization platform, is set to tokenize $500 million worth of Telegram’s corporate debt through a newly launched bond fund on The Open Network (TON).
This marks one of the largest DeFi expansions yet on TON, a blockchain ecosystem originally developed by Telegram.
Telegram Bond Fund Bridges TradFi Debt to DeFi on TON
The new product, dubbed the Telegram Bond Fund (TBF), will allow accredited investors to gain blockchain-based exposure to Telegram’s $2.35 billion in outstanding debt.
The fund will tokenize bond exposure directly on TON, allowing these assets to be used in decentralized finance (DeFi) applications. Investors in TBF will be able to tap into yield-generating services, borrow against their holdings, and support DeFi development within the TON ecosystem.
Related: Pavel Durov Calls TON Telegram “Backbone,” $400M VC Support Revealed
“When you buy units in the fund, they’re issued on the TON blockchain,” explained Libre CEO Avtar Sehra. “This enables new possibilities, such as using the bonds as collateral, simplifying transfers, and expanding their utility.”
Libre has already tokenized over $200 million in institutional assets, collaborating with entities such as BlackRock, Brevan Howard, and Nomura’s Laser Digital.
The TBF launch on TON reflects a larger movement toward bringing institutional finance into blockchain-native systems, and expands access for crypto-native investors to participate in traditional fixed-income markets using DeFi rails.
TON’s Ecosystem Use Case Expands Beyond Messaging
Notably, the launch of TBF expands the use case for TON beyond simple messaging-related applications. With over 950 million Telegram users, the TON ecosystem now has an embedded user base for financial products.
This launch represents a shift toward institutional-grade on-chain finance, where bonds, historically confined to centralized infrastructure, can now circulate and be leveraged in decentralized financial applications. TBF also offers a natural entry point into fixed-income DeFi for many Telegram users and developers.
Will This Drive TON Token Price Higher?
Market watchers are keeping a close eye on TON. The token is trading around $3.23, down 1.4% in the past 24 hours. According to Trader Edge, TON is consolidating within a symmetrical triangle on the daily chart. “A confirmed breakout could push the price toward $3.50,” the firm noted in a post on X.
Related: TON Ventures to Merge AI and Crypto: Telegram in the Mix
Meanwhile, crypto analyst Crypto General shared a more bullish perspective, highlighting an inverse head-and-shoulders pattern formation. He suggested a decisive close above $4.20 would trigger his next buy.
“I’m buying some at the current market price,” he said, “but I’ll add heavily after a breakout. I don’t plan to take profits before $9.”
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