Libre to Tokenize Telegram’s $500 Million Debt

RWA company Libre Capital intends to tokenize Telegram’s bonds worth $500 million to launch the Telegram Bond Fund (TBF) on the TON blockchain, as reported by CoinDesk.

The @Telegram Bond Fund ($TBF) on @TON_Blockchain represents the future of capital market:

1. Seamless transferability
2. Ease of use as collateral / reserves
3. Composable with other onchain protocols
4. Flexible for onchain native instrument manufacturing… pic.twitter.com/aVZYO8YpJj

— Avtar Sehra (@avtarsehra) April 30, 2025

According to the firm’s CEO, Avtar Sehra, on-chain shares of the fund on TON will provide holders access to the yield of the underlying asset (9.4% per annum).

“This opens up opportunities to use bonds as collateral, simplifies transfers, and more, ultimately creating value through these financial instruments,” he noted.

Libre has already tokenized assets worth over $200 million in funds of several leading investment firms, including BlackRock, Brevan Howard, Hamilton Lane, and Nomura (Laser Digital’s digital assets division).

Sehra believes such products offer advantages like:

• seamless transferability;
• ease of use as collateral or reserves;
• compatibility with various on-chain protocols;
• flexibility for creating native instruments on the network.

As reported by CoinGecko, the RWA segment grew by 12.7% in the first quarter of 2025.