Libre plans to tokenize Telegram bonds worth 500 million dollars

Libre, an 'omnichain' solution focused on real-world assets (RWA), plans to tokenize Telegram bonds worth 500 million dollars on The Open Network (TON), providing institutional investors with decentralized access to fixed-income securities from the social network for the first time.

Libre intends to achieve this by launching the Telegram Bond Fund (TBF), which, according to the company, will offer accredited players access to a portion of Telegram's corporate debt obligations totaling approximately 2.4 billion dollars. According to the announcement, participants eligible to join the project will be able to use TBF as collateral in the TON's DeFi ecosystem, take advantage of income-generating services, and also borrow loans or credits.

Previously, the protocol tokenized assets worth over 200 million dollars from organizations such as BlackRock, Brevan Howard, and Hamilton Lane, through various blockchains, including Injective, a Layer 1 supported by Binance. Libre also plans to transfer these funds to TON, said Jezz Mohidin, chairman of Libre.