The tokenization company Libre has announced the launch of the Telegram Bond Fund (TBF) on the TON blockchain to tokenize Telegram's debt worth $500 million. This fund will become one of the largest projects in the field of real asset (RWA) tokenization in DeFi, providing accredited investors access to Telegram's debt obligations totaling $2.4 billion. Tokenized bonds, which yield up to 9.4%, will be available 24/7 through TON wallets, ensuring flexibility and quick settlement of transactions.
Libre, which previously tokenized assets worth $200 million for giants like BlackRock and Brevan Howard, is collaborating with the TON Foundation to integrate these assets into the Telegram ecosystem with over 950 million users. The foundation will allow the use of tokenized bonds as collateral for lending and product development on the TON network. According to Libre's CEO Avatar Sechri, this is similar to a fixed income fund that buys bonds and tokenizes them.
This move underscores the growing interest in combining traditional finance with blockchain technology. Stay tuned for news so you don't miss new opportunities in the crypto market!
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