BlackRock Invests in Telegram Bond Sale, Fueling Crypto Boom

Global asset manager BlackRock is stepping into the world of crypto by participating in Telegram’s $1.5 billion bond sale slated for May 28th. The investment reflects a growing trend of institutional players embracing digital assets as they seek new opportunities. Existing investors like BlackRock and Abu Dhabi’s Mubadala Investment Company are joining this venture, which aims to use proceeds for debt buyback and expand the company’s fundraising efforts. 20% discount on shares in a potential Telegram IPO will also be offered to investors.