BlackRock-Backed Libre Brings $500M Telegram Bond Fund To TON: Price Surge Next?
- BlackRock-backed Libre to tokenize $500M of Telegram-issued bonds through Telegram Bond Fund (TBF) on TON network.
- TBF unlocks institutional-grade yield products and DeFi borrowing opportunities.
- TON price charts indicate bullish potential as demand for RWAs grows.
Libre, a real-world asset (RWA) tokenization platform, is set to tokenize $500 million worth of Telegram’s corporate debt through a newly launched bond fund on The Open Network (TON).
This marks one of the largest DeFi expansions yet on TON, a blockchain ecosystem originally developed by Telegram.
Telegram Bond Fund Bridges TradFi Debt to DeFi on TON
The new product, dubbed the Telegram Bond Fund (TBF), will allow accredited investors to gain blockchain-based exposure to Telegram’s $2.35 billion in outstanding debt.
The fund will tokenize bond exposure directly on TON, allowing these assets to be used in decentralized finance (DeFi) applications. Investors in TBF will be able to tap into yield-generating services, borrow against their holdings, and support DeFi development within the TON ecosystem.
Related: Pavel Durov Calls TON Telegram “Backbone,” $400M VC Support Revealed
…The post BlackRock-Backed Libre Brings $500M Telegram Bond Fund To TON: Price Surge Next? appeared first on Coin Edition.
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$2.5 Billion Worth of Crypto Tokens To Be Unlocked in August
BlackRock-Backed Libre Brings $500M Telegram Bond Fund To TON: Price Surge Next?
- BlackRock-backed Libre to tokenize $500M of Telegram-issued bonds through Telegram Bond Fund (TBF) on TON network.
- TBF unlocks institutional-grade yield products and DeFi borrowing opportunities.
- TON price charts indicate bullish potential as demand for RWAs grows.
Libre, a real-world asset (RWA) tokenization platform, is set to tokenize $500 million worth of Telegram’s corporate debt through a newly launched bond fund on The Open Network (TON).
This marks one of the largest DeFi expansions yet on TON, a blockchain ecosystem originally developed by Telegram.
Telegram Bond Fund Bridges TradFi Debt to DeFi on TON
The new product, dubbed the Telegram Bond Fund (TBF), will allow accredited investors to gain blockchain-based exposure to Telegram’s $2.35 billion in outstanding debt.
The fund will tokenize bond exposure directly on TON, allowing these assets to be used in decentralized finance (DeFi) applications. Investors in TBF will be able to tap into yield-generating services, borrow against their holdings, and support DeFi development within the TON ecosystem.
Related: Pavel Durov Calls TON Telegram “Backbone,” $400M VC Support Revealed
…The post BlackRock-Backed Libre Brings $500M Telegram Bond Fund To TON: Price Surge Next? appeared first on Coin Edition.
Read More