"Better late than never," says India’s market regulator SEBI as it pilots the first corporate bond issuance next month.
- India is launching its first tokenized corporate bond pilot in September, issued by REC Limited for $57 million, aiming to improve liquidity and settlement efficiency.
- The pilot will utilize India's central bank digital currency (CBDC) and requires investors to have specific digital wallets for participation.
- This initiative aims to address structural issues in India's large corporate bond market and could facilitate faster cross-border investments by digitizing FPI onboarding.
Topics: Asset types, Jurisdictions, Blockchain usage, Financial instruments, Emerging hubs, Ethereum evm l 1 s
Tags: #tokenizedcorporatebond #india #reclimited #sebi #blockchain #distributedledgertechnology #pilotproject #digitalaccounts #liquidity #settlement
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