REC set to debut tokenised corporate bond sale next week: Bankers

State Power Lender REC Set to Sell India’s First Tokenized Bond

State-owned power financier REC Ltd. is seeking investor bids for as much as 5 billion rupees ($53 million) of tokenized bonds, according to people familiar with the matter, in what would be India’s first such issuance and could help boost liquidity in the debt market.

REC set to debut tokenised corporate bond sale next week, bankers say

Tokenised bonds are securities ​whose ownership, ‌issuance, trading and settlement are recorded digitally on a blockchain or distributed ledger

REC set to debut tokenised corporate bond sale next week: Bankers

India will launch tokenized corporate bonds next week using blockchain technology. State-run REC aims to raise five billion rupees through these innovative debt instruments. This marks India's first debt issue with instant settlement capabilities on a blockchain. The Reserve Bank of India's digital currency will facilitate these bond transactions. Only investors with active digital wallets can participate in this upcoming sale.

REC seeks bids for up to 5 billion rupees in tokenized bonds

India's tokenized bond pilot could revolutionize institutional debt markets by enhancing settlement speed, reducing risks, and lowering costs.