Libre Tokenizes $500 Million of Telegram Bonds on Blockchain

In a bold move blending legacy finance with crypto innovation, Libre has digitized half a billion dollars worth of Telegram bonds—proving Wall Street’s paper pushers can’t ignore blockchain’s efficiency.

The tokenized bonds will trade 24/7, slashing settlement times from days to minutes. Who needs T+2 when you’ve got atomic swaps?

Critics whisper about regulatory gray areas, but Libre’s CTO fires back: ’We’re building the rails for the next era of capital markets—whether incumbents adapt or get left behind.’

Bonus jab: The same bankers who called crypto a ’fraud’ in 2018 are now quietly allocating pension funds to these tokenized notes. Hypocrisy? Or just the sound of inevitability?

Bonds Transition to Blockchain

According to Libre CEO Avtar Sehra, the established structure functions as an on-chain fixed-income fund. It plans to purchase Telegram’s bonds and subsequently tokenize these assets on the TON network. Investors purchasing fund units will directly partake in the returns from these bonds.

This approach not only generates income but also enables tokenized bonds to be used as collateral on the TON network, simplifying transfers and integration with various on-chain financial products. This advancement makes traditional financial instruments more functional and versatile.

The past two years have witnessed a significant acceleration in the integration of real-world assets into blockchain networks. Many asset types, from fixed-income products to real estate, now have on-chain representations, adding them to the cryptocurrency realm.

TON Network Offers Financial Instruments

Initially developed by Telegram, the TON network has evolved into an independent blockchain system. Over the past year, it has concentrated on transitioning Telegram’s over 950 million global user base to the blockchain platform.

Libre’s ambition goes beyond mere tokenization. Sehra emphasizes the importance of instilling real functionality into these tokenized products. Users demand quick access to both bonds and money market products. Investors integrated into an ecosystem increasingly prefer such solutions.

Libre has previously successfully tokenized over $200 million in assets, in collaboration with major players like BlackRock and Brevan Howard. Now, the initiative with Telegram bonds marks a new chapter.

Sehra stresses that tokenization is not just a technological showcase. “The real value lies in unlocking traditional assets,” he said. These bonds are poised to become digital collateral, payment instruments, or investment products, beyond mere documents held.