Stablecoin Issuers Tether and The Open Network (TON) Anchor $100M+ ULTRA Fund for Tokenized Treasury Bonds

Major stablecoin issuer Tether and The Open Network (TON) blockchain have become anchor investors in a new tokenized treasury fund called 'ULTRA.' The fund, backed by digital asset manager Libeara, has secured an initial commitment exceeding $100 million. ULTRA focuses on tokenizing U.S. Treasury bonds, aiming to bridge traditional finance (TradFi) with the decentralized digital asset ecosystem. This strategic move leverages Tether's expertise in stablecoins and TON's high-speed blockchain to enhance accessibility and liquidity for tokenized real-world assets (RWAs). The collaboration signals growing institutional interest in blockchain-based financial instruments and could accelerate the adoption of tokenized government securities.