Ton Foundation and Libre Launch $500 Million Telegram Bond Fund

By: Isha Das

The Ton Foundation, in collaboration with Libre, has announced the launch of a $500 million tokenized bond fund, specially designed to allow blockchain-based access to institutional-grade yield opportunities through Telegram's outstanding $2.35 billion bonds. This initiative marks Ton Foundation's official foray into the burgeoning sector of real-world asset tokenization. The fund is set to facilitate the engagement of institutional and accredited investors with traditional financial products in a decentralized manner, showcasing a seamless blend of traditional finance (TradFi) and decentralized finance (DeFi).

Libre's infrastructure is poised to revolutionize investor interactions with the Telegram Bond Fund (TBF). By facilitating the use of tokenized bonds as collateral within the DeFi ecosystem, Libre presents developers on the TON network with unique opportunities. These include building novel yield-bearing products backed by these tokenized assets. In his statement, Max Crown, CEO of Ton Foundation, emphasized that Libre’s infrastructure effectively bridges compliance and decentralization, paving the way for community engagement with real-world assets (RWAs) in a manner that is both secure and accessible.

Libre's rollout strategy includes a multi-phase Gateway system on the TON blockchain. This system is intended to oversee the lifecycle of tokenized funds, encompassing subscriptions, redemptions, and transfers, all under stringent regulatory compliance. Jez Mohideen, Chairman of Libre, highlighted the collaboration as a unique opportunity that merges omni-chain institutional-grade infrastructure with mass-market blockchain usability. This synergy aligns powerful TradFi assets with the crypto sector, expanding its reach to a digitized global audience.

Reinforcing the demand for such products, Libre has successfully tokenized over $200 million in assets, with several products from major issuers already live. Data indicates that Libre's UMA fund, linked to BlackRock's ICS US Dollar Liquidity Fund, holds $21.8 million, with other funds also seeing considerable investment. The collaboration between Ton Foundation and Libre is an illustrative example of how blockchain technology is set to disrupt and innovate traditional financial structures, providing unprecedented access and innovation in the RWAs domain.