#DLT

48 articles tagged #DLT — curated RWA tokenization coverage.

#Tokenization #India #CBDC #CorporateBonds #TokenizedDeposits #Eurosystem #SEBI #ECB #InstitutionalFinance #TokenizedBonds

Infrastructure

Two more Indian tokenized bonds issued, as central bank eyes gold next

India's Demat 2.0 tokenized bond pilot has expanded with two new issuances following the initial REC Limited offering. Engineering firm L&T Limited raised ₹5 billion, while brokerage IIFL secured ₹250 million, bringing the total pilot volume to ₹10.25 billion across three issuances. These assets are natively digital tokens issued on a DLT network managed by central securities depositories NSDL and CDSL, rather than mere digital twins. The pilot currently focuses on issuance and smart contract-based asset servicing for institutional participants. SEBI has provided regulatory clarity on the architecture, while the Reserve Bank of India has indicated interest in tokenizing gold as the next asset class. The project is structured in three stages, with future phases planned to introduce secondary market trading and retail access. This initiative represents a significant shift in Indian capital markets by integrating DLT directly into the authoritative record-keeping process of national depositories.

#TokenizedBonds #DLT #India

ledgerinsights.comAdded: Sep 11, 20267.5

Infrastructure

Ex-BoE deputy governor headlines trio of former central bankers joining Fnality

Fnality has appointed former Bank of England deputy governor Jon Cunliffe as chair of its UK board to spearhead the expansion of its blockchain-based settlement infrastructure. The company is scaling its operations beyond its existing sterling payment system to include euro and US dollar-denominated settlement capabilities. Joining Cunliffe on the European supervisory board are Jochen Metzger, formerly of the Deutsche Bundesbank, and Ron Berndsen, a former official at the Dutch central bank. This strategic recruitment of high-level central banking expertise underscores Fnality's focus on integrating central bank money into tokenized financial markets. The firm, which raised $136 million in a Series C round involving Goldman Sachs and Temasek, aims to provide a secure settlement layer for tokenized deposits and stablecoins. By establishing subsidiaries in Germany and the United States, Fnality is positioning itself to support global institutional adoption of DLT-based financial systems. This expansion is critical for the RWA market, as it addresses the fundamental need for safe, regulated settlement assets in an increasingly tokenized financial ecosystem.

#TokenizedDeposits #DLT #BlockchainSettlement

Cointelegraph — TokenizationAdded: Sep 10, 20268.0

Infrastructure

L&T Becomes India’s First Private Sector Corporate to Issue Tokenised Bond

Larsen & Toubro (L&T) has officially become the first private sector corporation in India to issue tokenized bonds, raising ₹500 crore with a 3-year tenure. This issuance was conducted under the Securities and Exchange Board of India’s (SEBI) newly established blockchain-based tokenization framework. The transaction utilizes Distributed Ledger Technology (DLT) to manage the bond lifecycle, aiming to enhance transparency and operational efficiency within the Indian corporate debt market. A critical component of this milestone is the integration of the tokenized securities with Central Bank Digital Currency (CBDC) for settlement, ensuring a seamless digital transaction flow. By adopting this technology, L&T is modernizing its treasury operations and setting a precedent for digital capital-market infrastructure in the region. This development is significant as it signals a shift toward regulatory-backed blockchain adoption in one of the world's largest emerging economies. The move highlights how institutional players are leveraging DLT to reduce friction in traditional finance, potentially paving the way for broader liquidity and participation in Indian corporate debt.

#CorporateBonds #DLT #CBDC

larsentoubro.comAdded: Sep 9, 20268.5

Infrastructure

Dallas Fed’s $700 Billion Tokenized Deposits Analysis: Banking Dynamics and Bitcoin Implications

Research from the Dallas Fed by economists Rosie Levy and Srini Ramaswamy highlights that tokenized commercial bank deposits could reduce the U.S. banking system's long-term risk-absorption capacity by approximately $700 billion. By enabling instant atomic settlement and programmable smart contracts, tokenization removes the operational friction that historically sustained fractional-reserve lending and deposit stickiness. The study models that a 10% increase in depositor sensitivity to interest rates could shrink risk-absorption capacity by $700 billion, while a 10% reduction in deposit tenure could decrease it by $580 billion. To mitigate the risk of instantaneous, automated capital outflows, banks are incentivized to shift assets from long-term loans toward High-Quality Liquid Assets like Treasury bills. This transition forces banks to rely on more expensive wholesale funding, which may lead to wider credit spreads and higher borrowing costs for the real economy. Ultimately, the research suggests that while tokenized deposits modernize banking infrastructure to compete with stablecoins, they act as a de facto tightening of monetary policy. This shift underscores a fundamental transformation in how commercial banks manage balance sheets and liquidity in a blockchain-native financial environment.

#Stablecoins #TokenizedDeposits #BankingInfrastructure

programminginsider.comAdded: Sep 9, 20267.5

U.S. Treasuries

Tokenisation of corporate bonds: A new chapter for India’s debt market

India is set to launch its inaugural tokenized corporate bond issuance in September 2026, featuring state-owned power financier REC Ltd. as the primary issuer. The pilot project will utilize Distributed Ledger Technology (DLT) alongside the Reserve Bank of India’s wholesale Central Bank Digital Currency (CBDC) to facilitate transaction settlement. SEBI Chairperson Tuhin Kanta Pandey highlighted that this initiative aims to test DLT for faster settlement, improved traceability, and automated servicing within the corporate bond market. By integrating securities and payment legs onto an interoperable digital infrastructure, the project seeks to reduce settlement risk and operational reconciliation burdens. While India already maintains a mature dematerialized securities system, this shift represents a transition toward a more programmable and integrated financial architecture. The pilot will also serve as a critical test case for addressing complex legal questions regarding the finality of DLT-based ownership records. Ultimately, this move signifies a strategic evolution in India's financial market infrastructure, potentially enhancing liquidity and retail accessibility for debt instruments.

#CorporateBonds #DLT #CBDC

barandbench.comAdded: Sep 5, 20268.0

Infrastructure

Tokenized Collateral Moves Toward Mainstream Adoption

The financial sector is transitioning from pilot programs to live production for tokenized collateral, significantly enhancing liquidity and operational efficiency. Major institutions including DTCC, Broadridge, and BlackRock are deploying ledger-based solutions to address systemic inefficiencies that currently cause billions in collateral to sit idle. Broadridge’s Distributed Ledger Repo platform processed $7.5 trillion in trades in July 2026, while BlackRock successfully tokenized $311 billion in European money market funds via J.P. Morgan’s Kinexys. The DTCC is set to launch its full production Tokenization Service in October 2026, utilizing the Canton network to facilitate interoperability among firms like Goldman Sachs and J.P. Morgan. By enabling near real-time asset transfers, these platforms allow collateral to move 120 additional hours per week compared to traditional systems. This shift is projected to save Tier 1 institutions up to $340 million annually by reducing the need for excessive collateral buffers. As these technologies mature, they are redefining the roles of custodians and clearinghouses while forcing firms to accelerate internal governance to remain competitive.

#CantonNetwork #BlackRock #DTCC

blockchain.newsAdded: Sep 3, 20269.5

Infrastructure

Taurus links digital asset platforms to Swift’s blockchain ledger

Digital asset infrastructure provider Taurus has integrated its tokenization and custody platforms with the Swift blockchain-based ledger to facilitate cross-border payments. This integration allows Taurus clients to connect their existing infrastructure to the Swift network, enabling the use of bank-issued tokenized deposits for settlement. The move marks a significant step in bridging traditional banking systems with distributed ledger technology, as Taurus expects the first institutional client integrations to go live within days. Initial transactions facilitated through the platform are anticipated to occur within weeks, signaling rapid adoption of the infrastructure. Swift’s ledger acts as an orchestration layer, coordinating transfers between participating banks before final settlement occurs through established arrangements like real-time gross settlement systems. This development follows successful pilot tests by major institutions, including Standard Chartered and HSBC, which recently completed the first live cross-border transaction on the ledger. By streamlining the interoperability of tokenized deposits, this partnership enhances the efficiency and speed of global institutional payments.

#CrossBorderPayments #TokenizedDeposits #DLT

Cointelegraph — TokenizationAdded: Aug 26, 20268.0

Infrastructure

ECB Commits Central Bank Money to Tokenised Settlement With Pontes Launch

The European Central Bank (ECB) is launching its Pontes settlement system in 2026, marking the first time central bank money will be used for settlement on distributed-ledger technology (DLT) platforms as an operational service. By connecting market DLT platforms to the Eurosystem’s TARGET Services, Pontes enables delivery-versus-payment finality, eliminating the credit and liquidity risks associated with private settlement assets like stablecoins or commercial bank money. To drive rapid adoption, the ECB has implemented an aggressive pricing strategy, charging only a one-off onboarding fee with no recurring transaction costs at launch. The system will initially operate 22.5 hours per business day, with plans to transition to a 24/7, multi-currency service by mid-2028. This initiative follows the Eurosystem’s 2024 exploratory phase, which involved over 50 trials and 64 market participants to prove the technical viability of DLT-based central bank money settlement. Alongside Pontes, the ECB is developing the Appia project to provide a blueprint for an integrated European tokenized financial ecosystem by 2028. These developments are critical for the RWA market, as they address the fragmentation of the European financial system and provide the necessary infrastructure for tokenized assets to function within the broader funding system.

#Tokenization #DLT #Settlement

securities.ioAdded: Aug 26, 20269.5

U.S. Treasuries

India plans 1st tokenised bond issue in Sept | Business Standard - newspaper

The Reserve Bank of India (RBI) is preparing to launch its inaugural tokenized government bond issuance scheduled for September. This initiative marks a significant shift in the nation's debt management strategy, aiming to leverage blockchain technology to enhance efficiency and transparency in the sovereign bond market. By utilizing distributed ledger technology, the RBI intends to streamline the settlement process and reduce the reliance on traditional intermediaries. This move aligns with global trends where central banks are increasingly exploring tokenization to modernize financial infrastructure and improve liquidity for government securities. The pilot project is expected to provide critical insights into the scalability and security of digital bond issuance within the Indian financial ecosystem. Successful implementation could pave the way for broader adoption of tokenized assets across the country's capital markets. This development underscores India's commitment to integrating advanced digital solutions into its sovereign debt framework, potentially setting a precedent for other emerging economies.

#Tokenization #DLT #RBI

magzter.comAdded: Aug 25, 20268.5

Non-U.S. Govt. Debt

Exclusive-India plans first tokenised bond issue in September, sources say

India is set to launch its first tokenized corporate bonds next month, marking a significant step in integrating blockchain technology into the nation's financial infrastructure. State-owned power financier REC will lead the pilot issuance, offering bonds valued at less than 5 billion rupees, or approximately $57 million. This initiative, supported by the Reserve Bank of India and market regulators, aims to enable near-instant settlement of bond transactions. Investors will utilize a wholesale central bank digital currency (CBDC) wallet alongside a new electronic securities wallet, known as DEMAT 2.0, to manage holdings on a distributed ledger. The pilot will initially be restricted to a select group of investors, with a three-month lock-in period for the securities. By bypassing traditional electronic book provider platforms, the project seeks to modernize the issuance and trading lifecycle. This move aligns India with global markets like Hong Kong and Europe that are actively exploring blockchain-based securities. A secondary market for these tokenized assets is expected to be developed by December.

#CorporateBonds #DLT #CBDC

finance.yahoo.comAdded: Aug 24, 20268.5

Stablecoins

HSBC, Standard Chartered make first live tokenized deposit tranfer via Swift blockchain

HSBC and Standard Chartered have successfully executed the first live tokenized deposit transfer utilizing Swift’s blockchain-based ledger infrastructure. This milestone addresses the critical industry challenge of interoperability, as most existing tokenized deposits are restricted to single-bank silos. By leveraging Swift’s DLT-based solution, the banks enabled a cross-border payment that demonstrates the potential for 24/7 settlement across different financial institutions. This development follows Swift’s July announcement regarding its minimum viable product, which currently involves 17 global banks across six continents. The rapid transition from the pilot phase to a live transaction highlights an accelerating trend in institutional adoption of DLT for traditional banking services. The participation of these banks in initiatives like the Hong Kong Monetary Authority’s EnsembleX likely provided the technical foundation for this successful integration. This event marks a significant step toward unifying fragmented tokenized deposit ecosystems into a cohesive global network.

#TokenizedDeposits #HSBC #StandardChartered

ledgerinsights.comAdded: Aug 19, 20268.5

U.S. Treasuries

Africa Finance Corporation Issues CHF 350 Million Tokenised Bond On Swiss Digital Exchange

The Africa Finance Corporation (AFC) has successfully issued a CHF 350 million digital bond, marking the first time an African institution has utilized the SIX Digital Exchange (SDX) for such a transaction. This five-year bond, which is also listed on the traditional SIX Swiss Exchange, represents the largest digital bond ever issued in the Swiss franc market. The issuance was structured as a tokenized security using distributed ledger technology, with settlement managed through the regulated infrastructure of SIX SIS AG. Commerzbank AG and Deutsche Bank AG acted as the lead arrangers for the deal, which saw strong demand from Swiss domestic investors. By leveraging SDX’s interoperability with traditional custodial systems, the AFC was able to attract institutional participation without requiring investors to overhaul their existing infrastructure. This milestone highlights the growing trend of supranational and development finance institutions adopting DLT to diversify funding sources and improve capital market efficiency. The success of this issuance underscores the increasing maturity of regulated digital bond markets and the potential for tokenization to bridge the gap between traditional finance and blockchain-based settlement.

#Tokenization #DigitalBonds #DLT

smbtech.auAdded: Aug 13, 20268.5

Infrastructure

Project Pontes: why a trigger solution is still needed alongside wCBDC

Project Pontes, launching in September, introduces two distinct settlement mechanisms for DLT transactions within the Eurosystem. The framework offers a wholesale CBDC-like cash token and a trigger solution that connects DLT platforms to the existing TARGET2 (T2) payment system. While the cash tokens allow for intraday circulation between banks, they currently lack legal settlement finality because they function as proxies for central bank money rather than direct wCBDC. Settlement finality is only achieved when tokens are burned and funds are defunded back to the T2 account, a process currently automated only at the end of the business day. This limitation makes the trigger solution a more attractive option for institutions requiring immediate, irreversible settlement. The European Central Bank has indicated that a technical upgrade to address these finality issues for DLT-based cash tokens is expected by mid-2027. This development highlights the ongoing regulatory and technical challenges in bridging traditional central bank payment systems with emerging distributed ledger technologies.

#DLT #wCBDC #Eurosystem

Ledger InsightsAdded: Aug 11, 20267.5

Non-U.S. Govt. Debt

India's SEBI Confirms Its Corporate Bond Tokenization Pilot Is Actually Moving

The Securities and Exchange Board of India (SEBI) has confirmed in its annual report that a pilot program to tokenize India's ₹59 lakh crore corporate bond market is actively proceeding. This initiative aims to leverage distributed ledger technology to enhance settlement speeds, introduce smart-contract-based programmability, and integrate directly with the Reserve Bank of India's wholesale central bank digital currency (CBDC). By building upon existing blockchain-based monitoring systems already utilized by depositories NSDL and CDSL, SEBI intends to automate debt servicing and settlement processes. The project seeks to address the structural thinness of the secondary bond market, where institutional investors typically hold assets to maturity. SEBI chairman Tuhin Kanta Pandey has framed the pilot as an exploratory efficiency test, with a projected implementation timeline of six to nine months. This development is significant because it advances within established securities regulations, effectively bypassing the ongoing legislative uncertainty surrounding broader cryptocurrency policy in India. By focusing on institutional infrastructure rather than retail crypto, the initiative positions India as a serious participant in the global movement toward tokenized government and corporate debt.

#CorporateBonds #DLT #CBDC

blockhead.coAdded: Aug 11, 20268.5

Stablecoins

Tokenized Cash: Transforming Traditional Money for the Digital Economy

The financial industry is undergoing a significant transformation as traditional money evolves into programmable, tokenized cash to support the digital economy. Tokenized cash serves as a digital representation of fiat currency, enabling instantaneous, atomic settlement of transactions on distributed ledger technology. By replacing legacy messaging systems with smart contracts, financial institutions can reduce counterparty risk and eliminate the inefficiencies associated with multi-day clearing cycles. This shift is particularly critical for the growing RWA market, where the ability to settle tokenized assets like bonds or real estate against on-chain cash is essential for liquidity. The integration of tokenized deposits and stablecoins into institutional workflows allows for 24/7 operations, moving beyond the constraints of traditional banking hours. As global financial hubs explore these digital alternatives, the interoperability between different blockchain networks and legacy systems remains a primary focus for developers. Ultimately, the adoption of tokenized cash acts as the foundational layer for a more efficient, transparent, and automated global financial infrastructure.

#DigitalAssets #TokenizedCash #DLT

Finextra — CryptoAdded: Aug 10, 20267.5

U.S. Treasuries

India’s SEBI plans tokenization, DLT pilots for corporate bonds

The Securities and Exchange Board of India (SEBI) has officially confirmed plans to launch a pilot program for tokenizing corporate bonds using distributed ledger technology. As outlined in its annual report, the regulator aims to leverage blockchain to achieve faster settlement, improved operational efficiencies, and enhanced programmability via smart contracts. The initiative also seeks to explore integration with India's central bank digital currency (CBDC) for settlement mechanisms. SEBI Chairman Tuhin Kanta Pandey indicated that the trial will operate on a limited scale over a six to nine-month period. This move is intended to address fragmentation within the Indian corporate bond market, which has historically lagged behind sovereign and financial institution issuances in the digital space. While global precedents like Siemens' €360 million issuance and POSCO International's $100 million bond demonstrate the potential for corporate blockchain adoption, India's pilot will build upon existing infrastructure like the CBDC and Asset Tokenisation (CAT) Sandbox. By testing these technologies, SEBI aims to modernize debt market infrastructure and align with broader digital financial trends.

#CorporateBonds #DLT #CBDC

ledgerinsights.comAdded: Aug 7, 20267.5

Infrastructure

ECB targets 21 September go live for Project Pontes. A primer on tokenized central bank money

The European Central Bank (ECB) has scheduled the production launch of Project Pontes for September 21, marking a significant step in integrating tokenized central bank money into financial markets. This initiative provides financial institutions with a secure mechanism to settle distributed ledger technology (DLT) transactions using the safest form of money available. Pontes introduces two distinct settlement models: the use of cash tokens residing on the Eurosystem’s DLT or a trigger model that initiates conventional payments via the T2 real-time gross settlement system. By prioritizing central bank money over commercial bank alternatives or stablecoins, the ECB aims to reduce counterparty risk in digital asset transactions. Institutions intending to participate in the initial launch must complete mandatory testing and register with their respective national central banks by August 7. This development is critical for the RWA market as it establishes a standardized, risk-free settlement layer for tokenized assets within the Eurozone. The project underscores the ECB's commitment to modernizing financial infrastructure while maintaining the integrity of sovereign currency in a blockchain-enabled ecosystem.

#DLT #Settlement #ECB

ledgerinsights.comAdded: Aug 4, 20268.5

Infrastructure

Cecabank, Crédit Mutuel join Regulated Layer One tokenization platform as it launches

The Regulated Layer One (RL1) blockchain cooperative has officially launched in Luxembourg, marking a significant step toward a neutral European network for tokenized asset settlement. SWIAT has transferred its DLT platform to the new organization while remaining the primary technical partner. The initiative now includes ten founding members, with the recent addition of Spanish wholesale bank Cecabank and the French cooperative Crédit Mutuel. This launch coincides with the Eurosystem’s Project Pontes, which facilitates on-chain settlement using central bank money and wholesale CBDCs. The membership roster features major institutions such as ABN Amro, DekaBank, DZ Bank, LBBW, Natixis CIB, SC Ventures, and Boerse Stuttgart’s Seturion. While L-BANK and KfW have transitioned to supporter roles, the network aims to provide a robust infrastructure for the evolving European digital asset market. By establishing this collaborative framework, RL1 seeks to standardize the issuance and settlement of tokenized financial instruments across the continent.

#Tokenization #DLT #CBDC

ledgerinsights.comAdded: Jul 28, 20268.5

#DLT

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