Libre, a tokenization firm that works closely with the likes of hedge fund Brevan Howard, investment management firm Hamilton Lane and Nomura's digital assets unit Laser Digital, plans to tokenize $500 million worth of Telegram debt as the blockchain-based Telegram Bond Fund (TBF) on the TON network that's linked to the messaging platform.TBF will offer accredited investors exposure to some of the around $2.35 billion of outstanding bonds issued by Telegram, providing institutional-grade yield products that will also be available as collateral for on-chain borrowing and product development on TON, Libre said.“What we’ve created is like a fixed income fund that acquires the bonds and then we tokenize the fund,” Libre CEO Avtar Sehra in an interview
source: https://www.coindesk.com/business/2025/04/30/telegram-s-ton-takes-on-real-world-assets-with-libre-s-usd500m-tokenized-bond-fund