#REC

12 articles tagged #REC — curated RWA tokenization coverage.

#India #TokenizedBonds #Blockchain #CBDC #CorporateBonds #DebtMarkets #Demat2.0 #SEBI #Tokenization #DLT

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.

#Blockchain #Tokenization #CorporateBonds

indianmandarins.com·Sep 14, 20267.5

Infrastructure

REC Limited successfully issues India’s first Pilot Issue on Tokenized Corporate Bonds under SEBI regulatory Sandbox Framework

REC Limited has successfully executed India's first pilot issuance of tokenized corporate bonds under the Securities and Exchange Board of India (SEBI) regulatory sandbox framework. This initiative, branded as Demat 2.0, utilizes a permissioned distributed ledger to record and track securities ownership, marking a significant shift in the nation's debt market infrastructure. By integrating atomic Delivery-versus-Payment (DvP) settlement and CBDC-enabled transactions, the pilot aims to eliminate traditional settlement risks and operational friction. The project maintains existing investor protections and institutional compliance standards while leveraging digital ledger technology to enhance market efficiency. This milestone represents a strategic move by Indian regulators to modernize capital markets through technology-driven reforms. The successful pilot demonstrates the viability of blockchain-based debt issuance within a controlled regulatory environment. Such advancements are critical for the RWA market as they provide a blueprint for scaling tokenized financial instruments in emerging economies.

#TokenizedBonds #India #SEBI

aninews.in·Sep 11, 20268.5

Infrastructure

REC Issues ₹500 Cr Through Tokenised Corporate Bonds, 8x Oversubscribed

REC Ltd, a Maharatna company under India's Ministry of Power, has successfully executed India's first pilot issuance of tokenized corporate bonds. The ₹500 crore issuance, conducted under the Securities and Exchange Board of India’s (SEBI) regulatory sandbox, achieved an 8x oversubscription with total bids reaching ₹796 crore. By utilizing a permissioned distributed ledger under the Demat 2.0 initiative, the process enabled atomic Delivery-versus-Payment (DvP) settlement. This technological shift allowed for the pay-in, allotment, and listing of the bonds to occur within a single day. The bonds carry a coupon rate of 7.30% per annum with a tenor of one year and nine months and are listed on both the NSE and BSE. This milestone demonstrates the integration of distributed ledger technology with existing regulatory frameworks to reduce settlement risks and operational friction. The success of this pilot signals a significant evolution in Indian debt markets, highlighting the potential for digital infrastructure to enhance market efficiency and transparency.

#TokenizedBonds #India #SEBI

outlookbusiness.com·Sep 7, 20268.5

Infrastructure

REC issues India's 1st tokenized bond via RBI digital currency

REC Ltd. has successfully executed India's inaugural tokenized bond issuance, raising ₹5 billion, equivalent to approximately $52.9 million. The transaction involved major financial institutions including HDFC Bank and ICICI Bank, marking a significant milestone for the nation's debt capital markets. Notably, the settlement was conducted entirely using the Reserve Bank of India's (RBI) Central Bank Digital Currency (CBDC), demonstrating the practical integration of sovereign digital money with blockchain-based securities. This development highlights a shift toward increased transparency and operational efficiency in debt trading by leveraging distributed ledger technology. Industry experts, such as Taurus Group's Amar Gandhi, emphasize that the synergy between digital currency and blockchain infrastructure significantly accelerates settlement cycles. The successful pilot is expected to catalyze further adoption, with companies like Larsen & Toubro already preparing similar tokenized bond offerings. This event signals a broader institutional trend toward digitizing traditional financial instruments within the Indian regulatory framework.

#Blockchain #TokenizedBonds #CBDC

newsbytesapp.com·Sep 7, 20267.5

Infrastructure

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.

#Blockchain #TokenizedBonds #India

financialexpress.com·Sep 7, 20267.5

Infrastructure

REC raises $53M in India's first tokenised bond sale

REC Limited, a state-owned infrastructure finance company in India, has successfully raised $53 million through the country's first-ever tokenized bond issuance. The transaction was facilitated on the EarthID blockchain platform, marking a significant milestone for the digitization of India's debt capital markets. By leveraging blockchain technology, REC aims to streamline the issuance process, enhance transparency, and reduce the settlement cycle for institutional investors. This move signals a growing appetite among Indian public sector enterprises to explore distributed ledger technology for capital raising efficiency. The successful pilot demonstrates the viability of tokenized securities within the Indian regulatory framework, potentially paving the way for broader adoption of digital assets in the region. As major financial institutions globally shift toward tokenized debt, this development positions India as an emerging participant in the institutional RWA landscape. The integration of blockchain into traditional bond markets serves as a critical proof-of-concept for future large-scale digital debt offerings in the South Asian market.

#TokenizedBonds #India #REC

app.dealroom.co·Sep 7, 20267.5

Infrastructure

REC Limited: Issues India’s First Tokenized Corporate Bonds

REC Limited has successfully executed India's first pilot issuance of tokenized corporate bonds under the Securities and Exchange Board of India (SEBI) Regulatory Sandbox Framework. The issuance, valued at ₹500 Crore, attracted significant market demand with a total book build of ₹796 Crore, representing an 8x oversubscription. These bonds carry a coupon rate of 7.30% per annum with a tenor of one year and nine months. By utilizing distributed ledger technology and atomic Delivery-versus-Payment (DvP) settlement, the pilot achieved same-day pay-in, allotment, and listing on the NSE and BSE. This initiative, part of the broader Demat 2.0 project, demonstrates the potential for shared-ledger transparency to reduce settlement risks and operational friction in capital markets. The project involved close collaboration between SEBI, the Reserve Bank of India, and various market infrastructure institutions. This milestone marks a transformative shift toward modernized, digital-first debt market infrastructure in India while maintaining strict regulatory compliance.

#TokenizedBonds #India #SEBI

investywise.com·Sep 7, 20268.0

U.S. Treasuries

State Power Lender REC Set to Sell India’s First Tokenized Bond

India’s state-owned power financier, REC Ltd., is preparing to launch the nation’s first tokenized bond issuance, marking a significant milestone for the country's digital finance landscape. The company plans to raise approximately 1 billion rupees through this blockchain-based offering, signaling a shift toward modernizing debt capital markets. By utilizing distributed ledger technology, REC aims to enhance transparency, reduce settlement times, and lower administrative costs associated with traditional bond issuance. This move aligns with broader efforts by Indian financial authorities to explore the integration of blockchain in regulated markets. The pilot project serves as a test case for the potential scalability of tokenized debt instruments within the Indian regulatory framework. As a major state-backed entity, REC's involvement provides institutional credibility to the tokenization of government-linked assets. This development is expected to encourage further adoption of RWA tokenization among other Indian public sector enterprises and financial institutions.

#Blockchain #TokenizedBonds #India

bloomberg.com·Sep 5, 20268.0

Non-U.S. Govt. Debt

India's REC set to debut tokenised corporate bond sale next week, bankers say

India's state-owned Rural Electrification Corporation (REC) is preparing to launch a tokenized corporate bond sale scheduled for next week, marking a significant step in the digitization of Indian debt markets. By leveraging blockchain technology for this issuance, REC aims to streamline the settlement process and enhance transparency for institutional investors. This move reflects a broader trend among major Indian financial entities to explore distributed ledger technology to reduce operational friction and costs associated with traditional bond issuance. The initiative is expected to attract a diverse range of participants by offering a more efficient digital infrastructure for debt securities. As a state-backed entity, REC's adoption of tokenization signals growing institutional confidence in blockchain-based financial instruments within the Indian regulatory framework. This development is particularly noteworthy as it demonstrates the practical application of tokenization in sovereign-linked corporate debt, potentially setting a precedent for future public sector issuances. The successful execution of this sale could catalyze further adoption of RWA tokenization across the region's capital markets.

#Blockchain #Tokenization #CorporateBonds

tradingview.com·Sep 4, 20268.0

Non-U.S. Govt. Debt

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 issue these bonds, valued at less than 5 billion rupees ($57 million), to test instant settlement capabilities. The initiative involves a collaboration between India’s central bank and market regulators to modernize issuance and trading processes. Investors will utilize the country's central bank digital currency (CBDC) to purchase the tokens, requiring both a wholesale digital currency wallet and a new electronic securities wallet known as DEMAT 2.0. This pilot program restricts participation to a select group of investors, with a secondary market expected to emerge by December. By adopting distributed ledger technology, India aims to align its capital markets with global leaders like Europe and Hong Kong. This development underscores the growing institutional shift toward blockchain-based settlement to enhance efficiency and reduce transaction times in debt markets.

#Blockchain #CorporateBonds #CBDC

newsofbahrain.com·Aug 31, 20268.5

Non-U.S. Govt. Debt

India’s First Tokenized Bond Issue: How RBI’s Wholesale CBDC Powers DEMAT 2.0

India is set to launch its inaugural tokenized corporate bond pilot in September 2026, featuring state-owned REC as the issuer. The initiative aims to raise less than ₹500 crore while utilizing the Reserve Bank of India's wholesale central bank digital currency, e₹-W, for settlement. Participants will be required to utilize the newly developed DEMAT 2.0 securities wallets to manage their holdings. By anchoring the issuance within regulated infrastructure, the pilot explicitly excludes public blockchain assets such as Bitcoin, Ethereum, and USDT. This strategic move demonstrates a government-led approach to modernizing securities recordkeeping through distributed ledger technology. The integration of CBDC-powered settlement with tokenized bonds represents a significant shift toward institutionalizing blockchain-based financial instruments in India. This development highlights the potential for sovereign-backed digital assets to streamline bond market operations while maintaining strict regulatory oversight.

#TokenizedBonds #CBDC #RBI

cryptorank.io·Aug 27, 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.com·Aug 24, 20268.5

#REC

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