Telegram’s TON Network to Tokenize $500M Debt via Libre’s Bond Fund

Libre, a tokenization firm collaborating with major financial institutions such as hedge fund Brevan Howard, investment manager Hamilton Lane, and Nomura’s Laser Digital, has announced plans to create a $500 million tokenized bond fund (TBF) on the TON network. The fund will tokenize Telegram debt and offer accredited investors exposure to approximately $2.35 billion in outstanding bonds issued by Telegram. By purchasing units on the TON chain, investors can benefit directly from the returns of the underlying bonds while also having the option to use these tokenized bonds as collateral for on-chain borrowing and other product developments. The initiative is part of a broader trend in the blockchain and DeFi space where real world assets (RWAs) are being tokenized to unlock additional utility and liquidity. Libre has a track record of tokenizing assets from renowned institutions, having already processed over $200 million in assets. This new development aims to further integrate traditional financial instruments with decentralized finance, potentially paving the way for enhanced fixed income products and streamlined financial operations on-chain.