- Libre to tokenize $500M Telegram debt on TON blockchain.
- TON and Libre bridge traditional finance with blockchain technology.
Libre, a leading firm in tokenizing real-world assets (RWAs), has teamed up with the TON Foundation, which supports The Open Network blockchain. Together, they plan to tokenize $500 million of Telegram’s debt. This will be done through the launch of the Telegram Bond Fund ($TBF) on the TON blockchain. This initiative will be one of the biggest institutional RWA deployments in blockchain history.
Tokenized Telegram Bonds to Offer Yield and Lending Options
The scheme allows professional investors to purchase parts of Telegram’s $2.4 billion bond issue. The digital bond tokens provided by Libre allow investors to generate bond yields, together with the capability to use tokens as lending assets. This creates possibilities for the tokens to serve as collateral for other financial products and borrowing operations on TON.
Avtar Sehra from Libre extended an explanation about how the fund operates according to traditional fixed-income fund principles. The fund would receive tokenization instead of outright purchasing bonds. Reggae Fund investors would obtain TON chain tokens that reflected their stake percentage in the fund. By implementing this system, the bonds become more transferable while their utility value increases.
Libre intends to introduce upcoming Telegram bonds into the fund that began with an initial $500 million offering. The initiative demonstrates strong potential to increase substantially over time. The initiative stands as one of the biggest attempts in history that transfers genuine financial resources from legacy systems to blockchain platforms.
To support this effort, the company will develop Libre Gateway as part of its infrastructure on TON. The system enables fund subscription by investors who can either use traditional currency along stablecoins. TON blockchain users can manage their assets through specific wallet solutions developed for this network platform. The system aims to simplify both investments and security methods.
Libre, TON Partner to Tokenize Real-World Financial Assets
Max Crown, CEO of the TON Foundation, commented on the development. He identified the launch of Libre’s system and the Telegram Bond Fund as important milestones in the integration of blockchain technology with regulated financial assets. Further, he explained that real-world assets( RWAs) within the TON community would benefit from this approach because it ensures secure user-friendly interactions.
Previously, Libre has collaborated with financial institutions such as BlackRock and Brevan Howard as well as Nomura’s Laser Digital. The company presently holds more than $200 million worth of tokenized assets. TON users will gain access to these assets together with the recently released TBF through the platform.
Dr. Jez Mohideen, who serves as Libre Chairman and leads Laser Digital as CEO, provided additional insights. According to Dr. Jez Mohideen, the capability of TON blockchain allows traditional financial products to enter the decentralized finance (DeFi) space. The project creates financial instruments that benefit TON users alongside investment professionals through a blend of institutional strength and blockchain technology.
In short, Libre collaborates with the TON Foundation to enable regulated financial assets for blockchain management. Telegram bonds are getting tokenized by this venture for the purpose of providing digital solutions that enable investors to explore different methods of returning capital. The development creates new potential for financial institutions to participate in blockchain-based financial activities.
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