RWA tokenization firm Libre plans to launch $500 million Telegram Bond Fund ($TBF)

RWA tokenization firm Libre will tokenize $500 million of Telegram debt on the TON network in the form of a blockchain-based Telegram Bond Fund ($TBF).
Avtar Sehra, chief executive of Libre, said in an interview: "We create fixed income-like funds that buy bonds and then tokenise them. When you buy shares of the fund, those shares are recorded on the TON chain, allowing you to capture the proceeds of the underlying bonds. This creates opportunities to use bonds as collateral, simplify transfers and so on, and ultimately enable these financial instruments to create utility."