TON Crypto Rises After BlackRock Supports Telegram In $1.5B Bond Issuance: What Lies Ahead?
TON cryptocurrency jumped 40% following Telegram’s update regarding the completion of the $1.5 billion bond sale, supported by BlackRock, Citadel, and Mubadala. As tokenization gains momentum, could Toncoin and Tonchain take the lead?
What sets crypto apart from securities is excitement. Indeed, trading market dynamics affect crypto, but when the “excitement” spreads, prices often soar swiftly. There are many instances, such as the surge of certain top Solana meme coins, like BONK, reaching unprecedented highs during the last bull trading market.
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TON Rallies 40%
At present, TON, the native cryptocurrency of the Tonchain framework, may be set for additional gains if the increase from May 28 carries over into today.
The almost 40% jump in the last 24 hours might present swing traders with opportunities to buy on dips, anticipating further price increases.
(TONUSDT)
Nevertheless, for fundamental analysts, the TON crypto increase signifies more than just a price breakout.
Telegram Completes $1.5 Billion Bond Sale
Just yesterday, Telegram, the well-known messaging service with over 1 billion global users, declared a $1.5 billion bond sale, driving up TON prices.
This bond issuance attracted top-tier institutional investors, including BlackRock, Citadel, and UAE’s Mubadala, propelling the price rise.
Telegram, intrinsically linked to Tonchain and TON, executed a common corporate strategy: refinancing.
The announcement on May 28 about the $1.5 billion bond sale’s finalization incited a frenzy, elevating TON’s profile and dominating update cycles. The capital will be used to refinance old debts and, importantly, foster future growth.
The bond offers a 9% annual return over five years. Should Telegram go public during this time, it can convert into equity at a discounted rate.
The likelihood of Telegram launching an IPO by 2030 probably drew interest from BlackRock and others.
Nonetheless, the bond was crafted to appeal to long-term investors who have faith in Telegram’s future.
Furthermore, the 9% yield reflects the app’s strong financial position and its capacity for ecosystem expansion, which is positive for TON.
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The BlackRock Backing
In spite of legal issues surrounding Pavel Durov, BlackRock’s involvement, managing over $13 trillion in assets, serves as a strong endorsement of Telegram and indirectly affirms Tonchain’s relevance, where TON plays an essential role.
Moreover, the engagement of Citadel and Mubadala, both formidable institutional players, lends integrity and financial base level to Telegram, speeding up the adoption of TON and the expansion of the Tonchain ecosystem.
BlackRock has shown a pro-crypto stance, guiding the establishment of spot BTC and ETH ETFs for U.S. institutions. Additionally, their BUIDL fund has successfully attracted over $2.9 billion from investors keen on liquid U.S. Treasuries.
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Larry Fink, CEO of BlackRock, estimates that the tokenization sector could hit $1 trillion by 2030. If so, analysts are confident that these top 20 coins may surge in 2025.
Will Tokenization Flourish on Tonchain?
The $1.5 billion bond sale is in line with the rising trend of tokenization.
Recently, Libre initiated 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:
— TON
In addition, Tether and USDe have been integrated into Tonchain, providing access to over 1 billion Telegram users.
The timing is crucial, especially as the U.S. moves toward legislation aimed at expediting the tokenization of U.S. Treasuries and possibly equities down the line.
— Pavel Durov (@durov) May 28, 2025
Yesterday, Durov revealed a strategic alliance between Telegram and Elon Musk’s xAI to introduce Grok agent to Telegram.
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TON Crypto Gains 40% Following BlackRock’s Support for Telegram’s $1.5B Bond Sale
- TON crypto may see continued growth
- Telegram completes its $1.5 billion bond issue
- Bond sale supported by BlackRock, Citadel, and Mubadala
- Will Tonchain emerge as a tokenization hub in the near future?
The post TON Crypto Soars After BlackRock Backs Telegram In $1.5B Bond Sale: What’s Next? appeared first on 99Bitcoins.
