The TON Foundation and Libre have launched the $500 million Telegram Bond Fund, aiming to tokenize Telegram's $2.4 billion corporate debt and make it accessible on The Open Network (TON) blockchain. This fund allows institutional and accredited investors to invest in Telegram’s yield-bearing debts directly through the blockchain, marking a significant move in the decentralized finance (DeFi) space. It combines traditional finance returns with blockchain efficiency, enabling faster settlements and compliance with regulations. Libre’s role includes managing asset subscriptions, redemptions, and custody using TON wallets. The fund will also participate in future Telegram bond offerings while allowing for borrowing and yield-generating strategies within the TON ecosystem. This launch reflects a growing trend in real-world asset (RWA) tokenization, as seen with the recent surge in popularity for RWA protocols, which have collectively locked over $11 billion in value, emphasizing the increasing interest in integrating traditional financial products with blockchain technology.

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