REC raises Rs 500 crore via tokenised bonds

REC Limited, a Maharatna Central Public Sector Enterprise under the Indian Ministry of Power, has successfully raised Rs 500 crore through the issuance of tokenized bonds. This transaction marks a significant milestone in the Indian financial sector, as it leverages blockchain technology to streamline the debt issuance process. The bonds were issued on a private blockchain platform, demonstrating the growing institutional interest in digitizing traditional fixed-income securities to enhance transparency and settlement efficiency. By utilizing tokenization, REC aims to reduce the administrative burden and time associated with conventional bond issuance cycles. This move aligns with broader efforts by Indian state-owned entities to modernize capital market infrastructure through emerging technologies. The successful execution of this issuance serves as a proof-of-concept for other public sector undertakings looking to tap into digital asset markets. Ultimately, this development signals a shift toward more agile, technology-driven debt financing models within the Indian economy.