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

Synopsis 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. India will launch tokenised corporate bonds next week, as state-run REC aims to raise 5 billion rupees ($52.92 million) through bonds maturing in one year and eight months, three merchant bankers said ?on Friday. This ?would be ?India’sfirst…