Sign Up
Already have an account?Log In
By clicking "Sign Up" you agree to our terms of service and privacy policy
- Username should be more than 3 characters.
- Username cannot start with numeric character.
- Username characters must be from {a-z,0-9}, special characters are not allowed.
- Make sure the Email is working to receive verification code & password reset link.
- Password should be more than 6 characters.
Forgot Password
Telegram Expands into DeFi with $500 Million On-Chain Bond Fund on TON Blockchain
In a significant move into decentralized finance (DeFi), Telegram is collaborating with Libre to launch a $500 million on-chain bond fund on the TON blockchain. This initiative, dubbed the Telegram Bond Fund, aims to tokenize a portion of Telegram's corporate debt, providing institutional-grade yield products to investors. The fund will allow participation in a segment of Telegram's $2.4 billion outstanding debt, utilizing blockchain technology to offer a yield-bearing tool for investors. The tokenized assets can serve as collateral for lending and product development within the TON ecosystem, marking a substantial expansion of real-world assets (RWAs) in DeFi. This partnership between Libre and the TON Foundation underscores the growing importance of RWAs in the digital finance sector, potentially attracting more traditional investors to blockchain-based financial instruments. With Telegram's vast user base of over a billion monthly active users, this venture could further bridge the gap between traditional finance and DeFi, enhancing accessibility and mainstream adoption.
Share
Copied