BlackRock Bets Big on Telegram: TON Skyrockets After $1.5B Bond Deal

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2025-05-29 10:22:17

When the world’s largest asset manager winks at crypto, markets move—fast. TON just ripped double-digits after BlackRock backed Telegram’s bond sale. Here’s why it matters.

Wall Street meets encrypted messaging: Telegram’s blockchain play gets a $1.5B vote of confidence from traditional finance’s 800-pound gorilla. Cue the ’when lambo?’ memes.

What’s next? Watch for more institutional dominoes to fall—or for the usual suspects to find a way to over-leverage this into the next liquidity crisis. Because nothing spells ’healthy market’ like hedge funds apeing into a token named after a messaging app.

TON Spikes 40%

Currently, TON, the native coin of the Tonchain ecosystem, could be primed for more gains if the spike on May 28 spills over to today.

The nearly 40% surge in the past 24 hours could be enough for swing traders to explore buying opportunities, load up on dips, and expect prices to climb higher.

TON crypto spiked 40% after Telegram announced the finalization of the $1.5 billion bond sale, backed by BlackRock, Citadel, and Mubadala

However, for fundamental traders, the TON crypto surge is more than just a breakout.

Telegram Finalizes $1.5 Billion Bond Sale

Yesterday, Telegram, the popular messaging app with over 1 billion users worldwide, announced a $1.5 billion bond sale, lifting TON prices.

The bond sale attracted A-list institutional investors, including BlackRock, Citadel, and UAE’s Mubadala, fueling the surge.

Telegram, closely tied to Tonchain and TON, did what many corporates do: refinance.

The May 28 announcement of the finalization of the $1.5 billion bond sale sparked a frenzy, boosting TON and dominating headlines. The funds will refinance previous debt and, crucially, support future growth.

The bond carries a 9% annual yield over five years. If Telegram goes public within this period, it is convertible into equity at a discount.

The possibility of Telegram going public by 2030 likely attracted BlackRock and others.

Still, the bond was designed to draw long-term investors who believe in Telegram’s prospects.

Moreover, the 9% yield signals the app’s robust financial health and potential to expand its ecosystem, which is bullish for TON.

: 10+ Crypto Tokens That Can Hit 1000x in 2025

The BlackRock Endorsement

Despite legal challenges surrounding Pavel Durov, the involvement of BlackRock, an asset manager with over $13 trillion in assets, is a decisive vote of confidence in Telegram and an indirect validation of Tonchain, where TON plays a critical role.

Additionally, the participation of Citadel and Mubadala, both major institutional powerhouses, adds credibility and capital to Telegram, accelerating TON adoption and Tonchain ecosystem expansion.

BlackRock is pro-crypto, issuing spot Bitcoin and ethereum ETFs for U.S. institutions. Moreover, their BUIDL fund has attracted over $2.9 billion from investors seeking exposure to liquid U.S. Treasuries.

TON crypto spiked 40% after Telegram announced the finalization of the $1.5 billion bond sale, backed by BlackRock, Citadel, and Mubadala

Larry Fink, the CEO of BlackRock, projects the tokenization market to reach $1 trillion by 2030. If this will be the case, analysts are convinced that these top 20 coins may explode in 2025.

Will Tokenization Gain Traction on Tonchain?

The $1.5 billion bond sale aligns with the growing trend of tokenization.

Recently, Libre launched a $500 million Telegram Bond Fund (TBF) on Tonchain.

The RWA narrative just got a huge push as @librecap & TON Foundation are tokenizing $500M of Telegram bonds on TON Blockchain via the Telegram Bond Fund ($TBF)!

Key points:
$500M in Telegram bonds on TON
Access for institutional & accredited investors
Powered by Libre… pic.twitter.com/nXOdSsatKN

— TON(@ton_blockchain) April 30, 2025

Additionally, Tether and USDe have been integrated into Tonchain, making them accessible to over 1 billion Telegram users.

The timing is critical, especially as the U.S. prepares laws to fast-track the tokenization of U.S. Treasuries and, possibly, equities in the future.

This summer, Telegram users will gain access to the best AI technology on the market. @elonmusk and I have agreed to a 1-year partnership to bring xAI’s @grok to our billion+ users and integrate it across all Telegram apps