Telegram’s TON Network to Tokenize $500M Debt via Libre’s Bond Fund
30.04.2025 08:31
Libre, a tokenization firm collaborating with major financial institutions such as hedge fund Brevan Howard, investment manager Hamilton Lane, and Nomura’s Laser Digital, has announced plans to create a $500 million tokenized bond fund (TBF) on the TON network. The fund will tokenize Telegram debt and offer accredited investors exposure to approximately $2.35 billion in outstanding bonds issued by Telegram. By purchasing units on the TON chain, investors can benefit directly from the returns of the underlying bonds while also having the option to use these tokenized bonds as collateral for on-chain borrowing and other product developments. The initiative is part of a broader trend in the blockchain and DeFi space where real world assets (RWAs) are being tokenized to unlock additional utility and liquidity. Libre has a track record of tokenizing assets from renowned institutions, having already processed over $200 million in assets. This new development aims to further integrate traditional financial instruments with decentralized finance, potentially paving the way for enhanced fixed income products and streamlined financial operations on-chain.
The introduction of a $500M tokenized bond fund is expected to have a positive impact on TON. The news is bolstered by strong institutional involvement and a novel utility offering, which together could increase demand and liquidity. Short-term gains may stem from increased investor interest as tokenized assets gain real-world credibility, while long-term benefits could be realized through enhanced network utility and integration with traditional finance. Historical trends from similar tokenization events support an optimistic outlook, indicating that TON may experience significant price appreciation as the market capitalizes on this innovative financial instrument.