tokenized bon2026-09-07 16:55:15HDFC and ICICI Banks Buy India's First Tokenized Bond from REC, Settled with CBDCHDFC 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.980
Tokenized bon2026-09-05 16:03:08India's REC to Issue Up to Rs 5 Billion Tokenized BondsIndia's state-owned power financier REC Ltd has launched a tender for tokenized corporate bonds worth up to 5 billion rupees ($53 million), combining DLT with the central bank's wholesale CBDC for institutional investors. The bonds have a base size of 1 billion rupees, with a greenshoe option to increase to 5 billion rupees, maturing in May 2028. Settlement uses SEBI's DEMAT 2.0 e-wallet and atomic settlement via wholesale CBDC, on a permissioned environment.1030
India2026-08-25 06:44:21India plans first tokenized corporate bond settled in digital rupee next monthIndia is planning to issue its first tokenized corporate bond next month through REC, according to Techub News, citing Crypto.news. The planned deal will have a size of no more than 5 billion rupees, or about $57 million. Settlement is set to take place in digital rupee over blockchain-based infrastructure. The report describes the issuance as a notable step in India’s effort to use its central bank digital currency, or CBDC, in capital market activity. If completed as planned, the bond would mark the country’s first corporate debt issuance in tokenized form using the digital rupee for settlement. The transaction structure links bond issuance, blockchain rails and CBDC-based payment into one pilot for the capital markets side of India’s digital currency push.1060
India2026-08-25 03:54:01India plans first tokenized bond sale in September through REC pilotIndia is preparing to launch its first tokenized bond in September, according to Reuters, in a pilot tied to the country’s push to test blockchain-based capital market infrastructure. The bond is set to be issued by state-owned power sector financier REC, with an expected size of less than 5 billion rupees, or about $57 million. The pilot is being advanced jointly by India’s market regulator and central bank, and both issuance and settlement are expected to run on blockchain rails. People familiar with the matter said the product is likely to be unveiled during an annual fintech conference in Mumbai in September, with access limited to a small group of investors at the outset. Investors are expected to participate through wholesale central bank digital currency wallets and electronic securities wallets. India’s depository institution is also developing an e-wallet called DEMT 2 to record bond ownership on distributed ledger infrastructure. The bond will carry an initial tenor of three months. Secondary trading is expected to be limited to participants holding both compatible CBDC and securities wallets, with a tokenized bond secondary market projected by December. The bond is not expected to trade on traditional electronic trading platforms.1040
India2026-08-25 03:53:27India plans first tokenized bond sale in September, with size seen below 5 billion rupeesIndia is preparing to launch its first tokenized bond in September, according to a Reuters report cited by BlockBeats. The bond is set to be issued by state-owned power-sector financier REC, with the deal expected to come in below 5 billion rupees, or about $57 million. India’s market regulator and central bank are jointly backing the pilot, and both issuance and settlement are expected to run on blockchain rails. People familiar with the matter said the product is likely to be introduced during an annual fintech conference in Mumbai in September, with access initially limited to a small group of investors. Participants will use wholesale central bank digital currency wallets alongside electronic securities wallets. India’s depository institutions are also developing a wallet called DEMT 2.0 to record bond ownership on a distributed ledger. The bond will carry an initial maturity of three months, and secondary trading is expected by December. Those trades will be limited to participants holding compatible CBDC and securities wallets, and the instrument is not expected to trade on traditional electronic platforms.1070
