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Libre will launch a $500 million Telegram debt Tokenization fund on the TON network.
According to Gate.io News bot and CoinDesk, the asset tokenization company Libre has 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 is positioned for qualified investor groups, offering institutional-level yield products targeting approximately $2.4 billion in outstanding Telegram bonds. These tokenized debts will also serve as collateral for lending and product development on the TON blockchain.
Data shows that 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.