Telegram launches a $500 million fund for the tokenization of corporate debt

Telegram turns debt into DeFi assets

The Libre platform and TON Foundation have launched the Telegram Bond Fund — a tokenized fund worth $500 million on the blockchain The Open Network (TON). The new product allows institutional investors to access $2.4 billion of Telegram's corporate debt.

The fund will be the first to transfer the messenger's debt securities into the blockchain space. Investors will be able to buy and store tokens backed by bonds directly in TON wallets.

In addition to participating in current releases, the fund will be used as collateral in other products based on TON.