Libre Tokenizes $500 Million of Telegram Bonds on TON Blockchain

Libre, a leading tokenization firm, is set to tokenize $500 million of Telegram’s $2.35 billion bonds on the TON blockchain. The initiative introduces the Telegram Bond Fund (TBF), providing institutional investors with access to fixed-income products while enabling these assets to function as collateral for on-chain development. Major financial players like Brevan Howard and Laser Digital are collaborating on the project, signaling a shift toward blockchain-based financial instruments.

According to Libre CEO Avtar Sehra, the structure operates as an on-chain fixed-income fund, purchasing Telegram’s bonds and unlocking new utility for traditional debt instruments. The move highlights the growing institutional adoption of blockchain for asset tokenization, merging legacy finance with decentralized infrastructure.