Why would there be another solution? {{
is specified as the way of escaping braces in a format string... I can't see why the API designers would include another way.
Of course, you could also provide a format parameter and then populate it with a brace:
Dim text as String = string.Format("{0}{1}", "{", "}")
will give "{}" as a string, for example... but I can't see that this is a better solution.
Perhaps if you could say why you dislike the normal solution (double curly braces) we could advise you on an alternative - but there isn't one within the format specification "language" itself, as far as I'm aware.