Libre tokenizes Telegram bonds worth $500 million on the TON blockchain

The company Libre is launching a tokenized Telegram Bond Fund (TBF) on the TON blockchain.

What's happening:
• Libre will create a fixed income fund that will purchase $500 million in Telegram bonds and tokenize them on the TON blockchain.
• Accredited investors will gain access to a portion of Telegram's debt obligations, totaling approximately $2.35 billion.
• The obtained tokens can be used as collateral for borrowing and product development within the TON network.

About Libre:
• Specializes in the tokenization of real-world assets (RWA).
• Collaborates with leading financial institutions: Brevan Howard, Hamilton Lane, Nomura (Laser Digital), and BlackRock.
• Has already tokenized over $200 million in assets.

The real value of tokenizing traditional financial instruments lies in unlocking the utility of these assets — said Avatar Sehra, CEO of Libre.

This project is part of TON's strategy to attract a significant portion of Telegram’s 950+ million users to the blockchain ecosystem, marking an important step in bridging traditional finance with cryptocurrencies and DeFi.