IIFL Finance Becomes First Non-PSU NBFC to Execute ₹25 Crores Tokenised Bond Transaction
RWA Signal Insight
InfrastructureIIFL Finance has become the first non-PSU Non-Banking Financial Company in India to execute a ₹25 crore tokenized bond transaction. The deal was conducted under the Securities and Exchange Board of India's Regulatory Sandbox framework, utilizing the Metropolitan Stock Exchange of India as the bidding platform. Trust Investment Advisors Private Limited served as the sole arranger and advisor for the issuance, which is slated for listing on the National Stock Exchange of India. This milestone aligns with a broader national initiative to integrate blockchain and distributed ledger technology into the country's debt capital markets. The transaction follows a joint pilot launch by the Reserve Bank of India and SEBI at the Global Fintech Fest 2026, which aims to combine DLT with central bank digital currency for instantaneous settlement. By adopting this technology, IIFL Finance seeks to enhance the efficiency, transparency, and speed of its capital market operations. This development signals a significant shift toward digitizing financial infrastructure within the Indian corporate bond sector.
Key points
- IIFL Finance executed a ₹25 crore tokenized bond transaction via the Metropolitan Stock Exchange.
- The deal occurred under SEBI's Regulatory Sandbox framework for securities tokenization.
- RBI and SEBI are piloting DLT-based corporate bond issuance with CBDC settlement.
- The tokenized bonds are scheduled for listing on the National Stock Exchange of India.
Background
IIFL Finance is a major Indian financial services company providing diverse lending products including gold, business, and home loans. The company operates across urban and rural India, focusing on accessible credit solutions for individuals and small businesses. Its participation in this pilot reflects a strategic move to modernize debt issuance through blockchain-enabled infrastructure.