
REC Successfully Issued India’s First Pilot Issue on Tokenized Corporate Bonds
REC Limited, a Maharatna Central Public Sector Enterprise under the Ministry of Power, has successfully executed India's first pilot issuance of tokenized corporate bonds. This milestone marks a significant shift in the Indian financial landscape by leveraging blockchain technology to streamline debt issuance and settlement processes. By tokenizing these corporate bonds, REC aims to enhance transparency, reduce settlement cycles, and improve overall operational efficiency within the domestic capital markets. The pilot serves as a proof-of-concept for the broader adoption of distributed ledger technology in the Indian public sector. This development is critical for the RWA market as it demonstrates institutional appetite for digital securities in emerging economies. The successful issuance signals a potential regulatory shift toward modernizing traditional debt instruments through tokenization. As a major state-owned entity, REC's involvement provides a credible blueprint for other Indian PSUs to explore blockchain-based financing solutions.









