Libre & TON Foundation Launch $500M Tokenized Telegram Bond Fund ($TBF)

In a groundbreaking move for decentralized finance and real-world asset tokenization, Libre and the TON Foundation have announced the launch of the Telegram Bond Fund (TBF) — a $500 million tokenized investment fund built on the TON blockchain. The fund gives institutional and accredited investors DeFi-native access to a sizable share of Telegram’s $2.35 billion in outstanding bonds, helping bridge traditional finance (TradFi) with the evolving blockchain ecosystem.

This marks one of the largest real-world asset (RWA) initiatives on TON to date. By tokenizing a substantial portion of Telegram bonds on-chain, the fund brings a traditionally opaque, illiquid asset into a more accessible, programmable, and transparent environment. Access to TBF is restricted to accredited and institutional participants, ensuring compliance with legal and regulatory frameworks.

The fund is powered by Libre Gateway, a robust infrastructure layer enabling legally compliant subscriptions, redemptions, and peer-to-peer transfers. Participants can access the fund using both fiat and stablecoins, directly through TON-native wallets, making the process seamless and efficient.

Libre’s track record in tokenized assets is already proven, with over $200 million in real-world assets handled across collaborations with major institutions such as BlackRock and Brevan Howard. The Telegram Bond Fund builds on that foundation, pushing forward the integration of high-grade TradFi assets into emerging DeFi ecosystems.

This initiative signals a major leap forward in unlocking new capital markets within the TON ecosystem — bringing institutional legitimacy, enhanced liquidity, and programmable finance together in one of the most ambitious RWA projects in Web3 to date.