The Open Network (TON) Foundation cooperates with Libre, a decentralized infrastructure company that specializes in Real-World Assets (RWAS), to introduce a tokenized bond fund of $ 500 million linked to Telegram.
One April 30 rack stated that the Telegram Bond (TBF) will offer blockchain-based access to yield options of institutional quality.
The TBF indicates the official access of Ton in the growing RWA sector and lines it with other prominent networks that support the Real-World assets-tokenization.
Telegram Bond Fund
The TBF brings part of the $ 2.35 billion outstanding bonds from Telegram to the Ton Blockchain, so that institutional and accredited investors can handle traditional financial products through a decentralized format.
The Fund is intended to support Telegram’s current and future bond body, and offers exposure to chains through a trusted RWA platform.
Libre stated that the infrastructure enables investors to use the tokenized bonds as collateral within the Defi Ecosystem. It also enables developers on Ton to build new yields that are supported by this assets.
Max Crown, CEO of Ton Foundation, said:
“Libre’s infrastructure bridges the gap between compliance and decentralization, so that powerful new opportunities for Ton’s community are unlocked to get in touch with RWAS in a safe and accessible way.”
Libre Gateway System
In the meantime, Libre is planning to roll out a multi-phase gateway system on Ton.
This infrastructure will manage subscriptions, repayments and the transfer of tokenized funds while staying within regulatory limits. Investors can subscribe with Fiat of Stablecoins and manage their portfolios directly through Ton-Native portfolios.
Jes Mohideen, chairman of Libre, explained that the company’s decision is based on the fact that Ton offers a unique opportunity to bridge Tradfi and Defi [while expanding] The range of regulated RWAS to a global and digital native user base.
He added:
“This collaboration brings omni-chain institutional grade infrastructure and mass market blockchain usability together, with sought-after Tradfi assets that have a strong crypto alignment.”
Libre already has more than $ 200 million in assets tokenized and offers various live products from large emptents.
Facts From RWA.XYZ shows that the UMA fund of Libre, which is investing in the ICS US Dollar Liquuidity Fund of BlackRock, owns $ 21.8 million. Other funds, including BHMA and HLSPCA, have $ 7.2 million and $ 7 million respectively.
