Free, a tokenization company that works in close collaboration with hedges like Brevan Howard, the investment management company Hamilton Lane and the Nomura’s Digital Assets Unit Laser Digital, plans to tokensiner $ 500 million in telegram debt as a telegram messaging fund based on blockchain (TBF) Messaging.
TBF will offer accredited investors an exposure to some of the approximately 2.4 billion dollars in circulation bonds issued by Telegram, providing institutional quality return products which will also be available as a guarantee for chain loan and product development, said free.
“What we have created is like a fixed income fund that acquires obligations, then we tokenize the fund,” said the CEO of Libre, Avtar Sehra in an interview. “When you buy units in the fund, these are on the tons chain, giving you access to the yields of the underlying bonds themselves. This opens up opportunities to use the obligations for the guarantee, the ease of transfers, etc., to finally create a public service with these financial instruments. ”
The year or the last two years have rushed to create representations based on the Blockchain of active world (RWAS), quickly bringing the world of traditional finances within the framework of crypto and decentralized finance (DEFI).
Sehra said that many of its customers wanted token monetary market products because they are looking for quick access to money, something associated with an ecosystem in which they are involved or to work.
The Ton network was initially developed by Telegram before continuing as an independent operation. During the last year approximately, you focused on setting up a large part of the 950 million Telegram users.
Free has already tokenized more than $ 200 million in assets through funds from leading institutions, notably Blackrock, Brevan Howard, Hamilton Lane and Digital Laser.
“Our goal is not only to tokenize things to tokensiize,” said Sehra. “I think that the real value in the traditional financial instruments of Tokenage unlocks the usefulness of these assets.”
