The TON Foundation, together with the Libre platform, announced the launch of the Telegram Bond Fund, a $500 million fund that allows you to tokenize Telegram's corporate bonds through the TON blockchain.
Key details:
Total volume of Telegram debt securities: $2.4 billion
Investors receive regulated access to these securities in the format of DeFi assets
Bonds can be bought and stored through TON wallets
Tokenized debt can be used as collateral for DeFi strategies
Libre CEO Jez Mohidin (Laser Digital, a subsidiary of Nomura):
"We combine institutional-grade infrastructure with the accessibility of the TON blockchain"
This is one of the largest institutional initiatives in the RWA (real assets) space: Libre has already partnered with BlackRock, Nomura, and Brevan Howard. Total tokenized assets: $200+ million
The fund from TON and Libre is trending:
Success of BlackRock's BUIDL ($2.5 billion TVL)
DAMAC and MANTRA deal for $1 billion in Dubai
According to DeFiLlama, the RWA market exceeded $11.1 billion, doubling in a year
