Ton Foundation Bets Big on Telegram’s Future with $500M RWA Bond Fund

Web3 meets Wall Street as TON and Libre launch half-billion-dollar real-world asset fund—just as traditional finance starts sweating about missing the crypto train.

• The move: Ton Foundation partners with Libre to tokenize bonds on Telegram’s ecosystem

• The target: Bringing institutional-grade debt instruments to 800M+ Telegram users

• The irony: Legacy banks still think ’blockchain’ is just a buzzword for PowerPoint decks

This could be the Trojan horse that finally brings RWAs mainstream—or another case of ’we built it, but the suits didn’t come.’ Either way, the infrastructure play is bullish for TON’s long-game.

Telegram Bond Fund

The TBF brings a portion of Telegram’s $2.35 billion outstanding bonds onto the TON blockchain, allowing institutional and accredited investors to engage with traditional financial products through a decentralized format.

The fund aims to support Telegram’s current and future bond offerings, offering compliant on-chain exposure through a trusted RWA platform.

Libre stated that its infrastructure allows investors to use the tokenized bonds as collateral within the DeFi ecosystem. It also allows developers on TON to build new yield-bearing products backed by these assets.

Max Crown, CEO of TON Foundation, said:

“Libre’s infrastructure bridges the gap between compliance and decentralization, unlocking powerful new opportunities for TON’s community to engage with RWAs in a secure and accessible way.”

Libre gateway system

Meanwhile, Libre plans to roll out a multi-phase Gateway system on TON.

This infrastructure will manage subscriptions, redemptions, and the transfer of tokenized funds while staying within regulatory bounds. Investors can subscribe using fiat or stablecoins and manage their portfolios directly through TON-native wallets.

Jez Mohideen, Chairman of Libre, explained that the firm’s decision is based on the fact that TON offers a unique opportunity to bridge TradFi and DeFi [while expanding] the reach of regulated RWAs to a global and digitally native user base.

He added:

“This collaboration brings together omni-chain institutional-grade infrastructure and mass-market blockchain usability, with sought-after TradFi assets that have a strong crypto alignment.”

Libre has already tokenized over $200 million in assets and offers several live products from major issuers.

Data from RWA.xyz shows that Libre’s UMA fund, which invests in BlackRock’s ICS US Dollar Liquidity Fund, holds $21.8 million. Other funds, including BHMA and HLSPCA, have $7.2 million and $7 million, respectively.