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Telegram’s $500M Debt Gets Crypto Makeover: TON Blockchain Hosts DeFi Fund Launch
Telegram’s $500M Debt Gets Crypto Makeover: TON Blockchain Hosts DeFi Fund Launch
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Messaging giant Telegram just pulled off the ultimate pivot—converting half a billion in debt into a shiny new DeFi fund on The Open Network (TON).
Wall Street’s worst nightmare: A chat app outmaneuvering legacy finance with blockchain rails. The move marks Telegram’s full-throttle embrace of crypto after its 2020 SEC showdown.
TON validators are now processing what might be history’s most ironic collateral swap—turning regulatory liabilities into decentralized assets. Because nothing says ’financial innovation’ like repackaging old debts into new tokens.
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