India dropping its first tokenized corporate bond in September 🇮🇳

State-owned REC issuing under ₹500 crore. RBI + SEBI running the pilot.

Key details:
• Permissioned DLT (not public blockchain)
• Settlement via RBI's Wholesale CBDC
• Limited to select investors initially

Traditional finance meeting tokenization. Watching how this plays out for broader adoption signals.

Source: Reuters