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Libreon-chain infrastructure for regulated real-world assets (RWAS), and Ton Foundationnon-commercial support Open Network Blockchain launches tokenization Telegram Bond Fund (TBF) Ton blockchain will turn telegram bonds worth $500 million into tokens.
According to a shared press release Cryptonewsthe new fund will provide on-chain exposure based on approximately $2.35 billion outstanding bonds issued by Telegram.
The move has given institutions and accredited investors within the TON ecosystem access to “DEFI native format, facility-grade yield products,” the team says.
These investors can use TBF as collateral in developing chain borrowings at TON and products that will bear on-chain yields at TON. Furthermore, following the announcement, “$500 million tokenized $TBF issued on the Ton blockchain will also be accessing future bond issuances by Telegram.”
The team behind it claims that the Telegram Bond Fund is one of the biggest institutional RWA deployments to date.
Ton “expands the regulated RWA reach to a global, digitally native user base,” says Libre Chairman and CEO Jez Mohideen. Nomura Crypto arm Laser Digital.
“This collaboration combines the omnichain’s facility-grade infrastructure with the ease of use of mass market blockchains, bringing together popular Tradfi assets with strong cryptographic alignment. [It will deliver] “We have unlocked the practicality of tokenized financial products that combine compliance and complexity, both institutional and the TON community,” Mohiden said.
Meanwhile, the Libre and Ton Foundation says it will continue to develop RWA regulations and legally compliant integrations in the Ton ecosystem.
Ton Foundation meets Libre Gateway Infra
The announcement highlighted another move by Libre. As part of the collaboration, we will deploy a multi-phase rible gateway infrastructure in TON.
The infrastructure supports compliant subscriptions, redemptions and transferability of tokenized funds.
Additionally, institutional and certified investors can subscribe to RWA using Fiat or Stablecoins. The move also allows for the management of assets through Tonnativa wallets.
Meanwhile, Libre is a dedicated Layer-1 app chine for RWA infrastructure, which explains it works by converting RWA into configurable and compliant defi building blocks. Libre Gateway also connects asset managers with digital distribution channels via on-chain subscriptions, redemption, and cross-chain allocation.
So far, Libre says it has tokenized more than $200 million in assets across funds from such institutions. Black Rock, Brevan Howard, Hamilton Laneand Laser Digital. In particular, users have access to these funds in addition to TBF.
“The launch of the Libre Protocol and the Telegram Bond Fund represent a major step forward in bringing regulated real-world assets to the Ton ecosystem,” commented Max Crown, CEO of Ton Foundation. “Libre’s infrastructure bridges the gap between compliance and decentralization and unlocks strong new opportunities to engage with RWA in a safe and accessible way for Ton’s communities to engage with RWA.”
Meanwhile, at the time of writing, Ton A $3.22 deal. It decreases by 1.7% per day, 18% per month, and 40% per year. It’s increased by 12.5% in a week.
Ton also hit its all-time high of $8.25 in June 2024, down 60.9% since.
A post-Libre and Ton Foundation has been set up to tokenize $500 million in Telegram bonds that first appeared in Cryptonews.
