HDFC Bank and ICICI Bank have purchased India's first tokenized bond issued by state-owned REC, using central bank digital currency (CBDC) for atomic settlement. The transaction marks the official launch of India's tokenized bond market and could set a precedent for global financial infrastructure evolution.
HDFC Bank and ICICI Bank have bought India’s first tokenized bond, issued by the state-owned power financier REC. The bond uses central bank digital currency (CBDC) for atomic settlement, marking the official launch of India’s tokenized bond market. And if Crypto Briefing is right, this could set a precedent for how global financial infrastructure evolves.
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