Libre’s Telegram Bond Fund ($TBF) will be offering accredited investors some fancy-schmancy yield products that are as legit as they come. And get this – they can also be used as collateral for on-chain borrowing and product development on TON. Sounds pretty high-tech, right? You bet it is!
Published on Apr 30, 2025 at 6:00 a.m., Libre, a cool tokenization firm that’s tight with big shots like hedge fund Brevan Howard, investment management firm Hamilton Lane, and Nomura’s digital assets unit Laser Digital, is planning to tokenize a whopping $500 million worth of Telegram debt. They’re turning it into the Telegram Bond Fund (TBF) on the TON network, which is all linked up with the messaging platform itself. Talk about cutting-edge stuff!
TBF is going to be the real deal for accredited investors, giving them a piece of the action with around $2.35 billion worth of Telegram bonds. These bonds will offer up some sweet yield products that can also be used as collateral for on-chain borrowing and product development on TON, according to Libre.
Libre’s CEO, Avtar Sehra, spilled the beans in an interview, saying, “What we’ve cooked up here is like a fixed income fund that snags the bonds and then turns them into tokens. When you snag units in the fund, they’re on the TON chain, letting you cash in on the returns from those bonds. It’s like magic, right? This opens up all sorts of opportunities to use the bonds for collateral, easy transfers, and more, creating some serious utility with these financial tools.”
The past year or two has been a wild ride with everyone jumping on the blockchain bandwagon to tokenize real-world assets (RWAs), bringing traditional finance right into the crypto and DeFi scene. It’s like the Wild West out there!
Sehra mentioned that a lot of his customers are after tokenized money market products for quick cash access or something that ties into their world or work environment. It’s all about convenience, baby!
The TON network was born from Telegram before going solo. Over the past year, TON has been focused on roping in a huge chunk of Telegram’s 950 million-plus users onto the blockchain. It’s like a party you don’t want to miss!
Libre has already tokenized over $200 million in assets from big names like BlackRock, Brevan Howard, Hamilton Lane, and Laser Digital. They’re not just tokenizing for the fun of it, though. Sehra believes the real value lies in unlocking the potential of these traditional financial assets. It’s like finding buried treasure!
Ian Allison, a senior reporter at CoinDesk, is all over the institutional and enterprise adoption of cryptocurrency and blockchain tech. He’s been rocking the fintech scene for a while now, snagging awards left and right. His scoop on FTX in November 2022 was a game-changer, bringing down the exchange and its boss. The guy’s got skills!
And there you have it – Libre’s TBF is set to shake things up in the financial world, bringing a touch of crypto magic to the mix. Who knows what’s next in this crazy ride of tokenization and blockchain madness? It’s anyone’s guess!
