TON Blockchain to Host $500 Million Telegram Bond Fund
The post TON Blockchain to Host $500 Million Telegram Bond Fund appeared on BitcoinEthereumNews.com.
Tokenization firm Libre announced plans to launch a $500 million Telegram Bond Fund (TBF) on the TON blockchain. The move signifies a bold move to bridge traditional finance (TradFi) and decentralized ecosystems. Libre To Launch $500 Million Telegram Bond Fund TBF marks a significant milestone in the growing trend of real-world asset (RWA) tokenization, backed by over $2.35 billion in outstanding Telegram bonds. It tokenizes existing Telegram debt, giving accredited investors access to institutional-grade fixed-income products with full on-chain utility. With Libre’s initiative, the tokenized bond fund can serve as collateral for borrowing and on-chain product development within TON ecosystem. TON, or The Open Network, is increasingly integrated with Telegram’s 950 million-plus user base. “What we’ve created is like a fixed income fund that acquires the bonds and then we tokenize the fund,” Libre CEO Avtar Sehra said in an interview. Reportedly, when users purchase units in Libre’s Telegram Bond Fund on the TON chain, they can access the returns of the underlying bonds themselves. Based on this dynamic, they can use the bonds for collateral and ease transfers. Ultimately, the bonds also help create utility with these financial instruments. This development comes amid growing interest in Telegram’s yield bonds, whose structure bears a relatively high yield of up to 9.4%. Meanwhile, this is not the first time Libre has ventured into this space. The tokenization firm recently tokenized over $200 million in assets across major institutional funds. Among them are BlackRock, Brevan Howard, Hamilton Lane, and Nomura’s digital assets unit, Laser Digital. Libre Bets on Telegram’s Unique Distribution Advantages The launch of TBF comes amid a broader wave of RWA tokenization initiatives. Notably, asset management giant Franklin Templeton recently expanded its presence in the space by launching a tokenized money market fund on the Solana blockchain. Much like Libre,…
