Telegram's $2.4b Corporate Debt Tokenized via $500m TON Fund

On an unspecified date, Libre and the TON Foundation launched a $500 million tokenized fund on The Open Network to tokenize Telegram's $2.4 billion corporate debt. This initiative aims to provide institutional investors exposure to Telegram's bonds via the TON blockchain. The launch is considered one of DeFi's largest institutional moves into Real World Assets (RWA), with the sector projected to exceed $50 billion this year. The Telegram Bond Fund will be managed by Libre, supporting fiat and stablecoin transactions through TON wallets. Libre has previously tokenized over $200 million in assets from institutions like BlackRock and Laser Digital. These tokenized funds will also become available on TON, expanding access to institutional-grade financial products. The RWA space is experiencing increased activity, with the total value locked exceeding $11.14 billion, doubling in the past year. BlackRock's BUIDL fund has surpassed $2.5 billion in market capitalization. This trend reflects growing interest in integrating traditional financial products into blockchain ecosystems.