Libre, an "omnichain" solution focused on real-world assets (RWAs), plans to tokenize $500 million worth of Telegram-issued bonds on The Open Network (TON), giving institutional investors decentralized access to the social network's fixed-income securities for the first time.

Libre intends to achieve this through the launch of Telegram Bond Fund (TBF), which it said would offer accredited players exposure to a portion of Telegram's corporate outstanding debt, worth roughly $2.4 billion. Eligible participants would be able to use TBF as a collateral asset within TON's DeFi ecosystem, tapping into yield-bearing services and borrowing or lending facilities, according to a statement released Wednesday.