NSE enables India’s first tokenised corporate bond issuances worth Rs 1,000 crore

The National Stock Exchange of India (NSE) has successfully executed the country's first tokenized corporate bond issuances, totaling Rs 1,000 crore. REC Limited and Larsen & Toubro each raised Rs 500 crore through the NSE Electronic Bidding Platform (NSE EBP) under the SEBI Regulatory Sandbox Framework. The REC issuance, which saw a 7.9 times subscription rate, was finalized at a 7.30 per cent coupon rate. Formally unveiled at the Global Fintech Fest 2026, the initiative utilizes Distributed Ledger Technology (DLT) to represent and manage securities digitally. This milestone is significant as it integrates tokenization into India's existing digital settlement infrastructure to facilitate atomic settlement and improve operational transparency. By demonstrating the scalability of DLT for both public and private sector issuers, the NSE is positioning itself to modernize the broader corporate bond market. This development marks a critical regulatory and technological step toward institutionalizing blockchain-based securities management within the Indian capital markets.