📱 REC Set to Debut Tokenised Corporate Bond Sale
Published by OOPSONLINE.IN · Source: The Economic Times · 1 min read · · Updated
What actually happened
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.
Key points
- 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.
Summary based on data provided by The Economic Times. Full article available at the original publisher.
- #technology
- #debut
- #tokenised