Techub News, citing Reuters, says India plans to issue tokenized corporate bonds in September and settle them instantly with a central bank digital currency (CBDC). The bonds would be issued on blockchain rails, which Reuters says could offer greater transparency and liquidity. India’s central bank has already run a digital rupee pilot, and the plan would extend CBDC use into corporate bond settlement.
India plans tokenized corporate bond issuance in September
Techub News said India plans to issue tokenized corporate bonds in September and use a central bank digital currency (CBDC) for instant settlement.
Reuters reported that the bonds would be issued on blockchain technology, with higher transparency and liquidity.
The Reserve Bank of India has already run a digital rupee pilot. The new plan would apply CBDC to corporate bond settlement.
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