TON Blockchain Gets $500M Telegram Bond Fund—Because Nothing Says ’Trust’ Like Crypto-Backed Debt

Telegram’s TON blockchain is about to get a half-billion-dollar boost—just as regulators start circling the crypto bond market. The messaging giant’s pivot to finance just got real.

Details are scarce, but insiders say the fund will target institutional investors hungry for yield. Because what could go wrong when you mix volatile crypto assets with leveraged debt products?

TON’s price spiked 12% on the rumor—proving once again that nothing pumps a token like other people’s money waiting to be deployed.

Libre, a tokenization firm, is launching the Telegram Bond Fund (TBF) on the TON blockchain. The fund will tokenize $500 million worth of Telegram’s debt, offering accredited investors access to high-quality yield products. Backed by Telegram’s $2.4 billion in outstanding bonds, these tokenized assets can also be used as collateral for on-chain borrowing and project development on the TON network. It’s a major move bringing institutional finance directly into the crypto world.