indiatokenizedbonds

🇮🇳 🕌 India's First Tokenized Corporate Bonds

⬩➤ State-owned power financier REC is set to launch India's inaugural tokenized corporate bonds next month, utilizing the wholesale digital rupee for blockchain-based settlement.

⬩➤ Developed alongside the Reserve Bank of India and SEBI, this pilot aims to modernize debt issuance.

🚀 Pilot & Structure Highlights
💰 The Issue: REC will issue bonds worth under 5 billion rupees (approx. $57 million) to test distributed-ledger efficiency.
👛 Dual Wallets: Participants will use a wholesale central bank digital currency (CBDC) wallet for cash and a DEMAT 2.0 securities wallet for tokenized bond holdings.
⚡ Streamlined Settlement: The system connects money and digital infrastructure directly, bypassing conventional electronic book providers.

📅 Timeline & Outlook
🔒 Lock-In & Secondary Market: Bonds feature an initial three-month lock-in period, with exchanges planning a secondary market rollout by December.
🏛️ Regulatory Backing: Groundwork began following SEBI approval for DLT testing, aiming to improve settlement efficiency in India's massive corporate bond market.

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