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Telegram’s $1.5B Bond Play: BlackRock and Citadel Step In as Backers
Telegram’s $1.5B Bond Play: BlackRock and Citadel Step In as Backers
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Messaging giant Telegram is making a bold move into high finance—with a little help from Wall Street’s heavyweights.
The company plans to raise $1.5 billion through a bond sale, backed by none other than BlackRock and Citadel, according to WSJ. Because when you need credibility in traditional finance, why not bring in the guys who practically invented the game?
This isn’t just another funding round—it’s a strategic power play. With crypto-native firms still struggling for mainstream acceptance, Telegram’s pivot to old-school debt instruments (with a side of institutional glitter) shows just how far the industry will go to court legitimacy.
Will it work? Maybe. But let’s be real—when BlackRock’s involved, the house always wins.
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