Libre has launched a $500 million tokenized bond fund on the TON blockchain, offering accredited investors access to institutional-grade yield products backed by Telegram's debt. This Telegram Bond Fund (TBF) aims to provide utility for financial instruments by making the underlying bonds accessible for on-chain borrowing and product development. Libre, which has previously tokenized over $200 million in assets from leading institutions such as BlackRock and Hamilton Lane, emphasizes the importance of generating practical use cases for these tokenized assets. According to CEO Avtar Sehra, the structure of the fund allows for ease of transfers and the opportunity to use tokenized bonds as collateral. The TON network, initially developed by Telegram, has been working on integrating its vast user base into the blockchain environment. The trend of creating tokenized real-world assets signifies a significant expansion of decentralized finance, bridging traditional finance with cryptocurrency ecosystems.

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