Libre Plans to Tokenize $500M of Telegram Debt on TON Blockchain
The post Libre Plans to Tokenize $500M of Telegram Debt on TON Blockchain appeared on BitcoinEthereumNews.com. 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…
The post Libre Plans to Tokenize $500M of Telegram Debt on TON Blockchain appeared on BitcoinEthereumNews.com.
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…
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