Telegram’s TON network expands with $500M tokenised bond fund
Libre (CRYPTO:LIBRE), a tokenisation firm, announced plans to tokenise $500 million of Telegram debt through the Telegram Bond Fund (TBF) on the TON blockchain network.
The fund will provide accredited investors access to institutional-grade yield products derived from approximately $2.35 billion in outstanding Telegram bonds.
“Like a fixed income fund that acquires the bonds and then we tokenise the fund,” Libre CEO Avtar Sehra described the fund.
He explained that purchasing units in the fund on the TON chain gives investors exposure to the returns of the underlying bonds, while also enabling the use of these tokenised bonds as collateral and facilitating easier transfers.
TON, originally developed by Telegram and now operated independently, has been focusing on onboarding Telegram’s 950 million-plus users onto its blockchain platform.
Libre has previously tokenised over $200 million in assets from funds managed by institutions including BlackRock, Brevan Howard, Hamilton Lane, and Laser Digital.
Sehra noted that many clients seek tokenised money market products for quick liquidity or assets linked to ecosystems they engage with, highlighting the growing demand for blockchain-based real-world asset representations.
The Telegram Bond Fund on TON exemplifies the broader trend of bridging traditional finance with decentralised finance by creating blockchain-based versions of real-world assets.
“Our objective isn't just to tokenise things for the sake of tokenizing them,” Sehra said.
“I think the real value in tokenizing traditional financial instruments is unlocking the utility of those assets.”
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
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