📱 India Plans First Tokenised Bond Issue in September
Published by OOPSONLINE.IN · Source: The Economic Times · 1 min read · · Updated
What actually happened
India is set to roll out tokenised corporate bonds next month, utilizing blockchain technology to facilitate immediate transaction settlements. The state-owned REC will be at the forefront of issuing these innovative bonds, which will require investors to possess both digital currency and securities wallets. This initial phase is designed for a limited number of selected investors, showcasing the potential of modern financial practices.
Key points
- India is set to roll out tokenised corporate bonds next month, utilizing blockchain technology to facilitate immediate transaction settlements.
- The state-owned REC will be at the forefront of issuing these innovative bonds, which will require investors to possess both digital currency and securities wallets.
- This initial phase is designed for a limited number of selected investors, showcasing the potential of modern financial practices.
Summary based on data provided by The Economic Times. Full article available at the original publisher.
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