According to Gate.io News bot, CoinDesk reported that the asset tokenization company Libre announced the establishment of a Blockchain Telegram Bond Fund (TBF) on the Telegram-associated TON network. The fund plans to convert $500 million of Telegram debt into tokens.
TBF targets qualified investors, offering institutional-grade yield products for approximately $2.4 billion of Telegram's outstanding bonds. These tokenized debts will also serve as collateral for lending and product development on the TON chain.
According to the data, Libre has completed the tokenization of over $200 million in assets, involving funds from institutions such as BlackRock, Brevan Howard, Hamilton Lane, and Laser Digital.