TON and Libre launched a $500 million fund for tokenizing Telegram's debt
🔷 The TON Foundation, in collaboration with the Libre platform, announced the launch of the Telegram Bond Fund — a $500 million fund that allows the tokenization of Telegram's corporate bonds through the TON blockchain.
Key details:
🔵 Total volume of Telegram's debt securities: $2.4 billion
🔵 Investors gain regulated access to these securities in the form of DeFi assets
🔵 Bonds can be purchased and stored through TON wallets
🔵 Tokenized debt can be used as collateral for DeFi strategies
🗣 Head of Libre, Jez Mohidin (Laser Digital, a subsidiary of Nomura):
"We are combining institutional-grade infrastructure with the accessibility of the TON blockchain"
📈 This is one of the largest institutional initiatives in the RWA (real-world assets) space: — Libre has already collaborated with BlackRock, Nomura, and Brevan Howard. Total amount of tokenized assets: $200+ million
🪙 The fund from TON and Libre is trending:
1️⃣ Success of BUIDL from BlackRock ($2.5 billion TVL)
2️⃣ DAMAC and MANTRA deal of $1 billion in Dubai
3️⃣ According to DeFiLlama, the RWA market surpassed $11.1 billion, doubling over the year
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