RWA tokenization company Libre plans to launch a $500 million Telegram bond fund ($TBF)
Internet reports that RWA tokenization company Libre will tokenize $500 million of Telegram debt in the form of a blockchain-based Telegram Bond Fund ($TBF) on the TON network. Avtar Sehra, CEO of Libre, said in an interview: "The similar fixed income fund we created bought bonds first and then tokenized them. When you buy fund shares, those shares are recorded on the TON chain, allowing you to receive the return on the underlying bond. This creates opportunities to use bonds as collateral, simplify transfers, etc., and ultimately allows these financial instruments to create utility."
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