Telegram launches $500 million fund on TON for corporate debt tokenization
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 Open Network (TON) blockchain. The new product allows institutional investors to access $2.4 billion of Telegram's corporate debt.
The fund will be the first to move 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 issuances, the fund will be used as collateral in other DeFi products based on TON.
Tokenization reaches a new level
The launch of the Telegram Bond Fund is one of the largest steps in the tokenization of real-world assets (RWA) for DeFi. It is estimated that the RWA sector could exceed $50 billion as early as this year.
The fund operates on the Libre platform — a licensed infrastructure provider focused on the institutional market. Libre has already tokenized over $200 million in assets from companies such as BlackRock, Nomura (through Laser Digital), Hamilton Lane, and Brevan Howard.
Some of these products will also be available in TON, expanding the range of tools
#ton $TON
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 Open Network (TON) blockchain. The new product allows institutional investors to access $2.4 billion of Telegram's corporate debt.
The fund will be the first to move 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 issuances, the fund will be used as collateral in other DeFi products based on TON.
Tokenization reaches a new level
The launch of the Telegram Bond Fund is one of the largest steps in the tokenization of real-world assets (RWA) for DeFi. It is estimated that the RWA sector could exceed $50 billion as early as this year.
The fund operates on the Libre platform — a licensed infrastructure provider focused on the institutional market. Libre has already tokenized over $200 million in assets from companies such as BlackRock, Nomura (through Laser Digital), Hamilton Lane, and Brevan Howard.
Some of these products will also be available in TON, expanding the range of tools
#ton $TON
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