REC Raises Rs 500 Crore via Tokenised Bonds

HDFC Bank, ICICI Bank among buyers of India’s first tokenised bond issued by REC

About 20 investors, including banks, mutual funds and corporates, bought the bonds issued by the power financier, the people said.

Top Indian Banks Buy State Power Lender REC’s Tokenized Bond

Top lenders HDFC Bank Ltd. and ICICI Bank Ltd. are among buyers of India’s first tokenized bond offered by state-run REC Ltd., according to people familiar with the matter, signaling interest for such issuances that could help deepen debt market liquidity.

REC raises Rs 500 crore via tokenised bonds

REC raised Rs 500 crore via India’s first tokenised bonds, marking a milestone in blockchain-based bond settlements with a 7.30% coupon maturing in one year and eight months.

L&T plans to raise up to ₹500 crore via tokenized bonds after REC's success, marking new era for debt markets

Tokenized bonds are conventional debt securities whose ownership and transaction records are maintained on a blockchain or distributed ledger.

HDFC Bank and ICICI Bank buy India's first tokenized bond from REC

India's tokenized bond market entry, leveraging CBDC for atomic settlement, could set a precedent for global financial infrastructure evolution.