India Is Finally Getting Its First Tokenized Corporate Bond

"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

Read more

HCI Group Launches Pilot for Tokenized Reinsurance Securities Linked to Fortex Re Programs

HCI Group launched a pilot for digital tokenized reinsurance securities to enhance investor access t

• HCI Group has launched a pilot for digital tokenized reinsurance securities, aiming to increase investor access to catastrophe risk.
• The securities, offered through SurancePlus, provide returns linked to Fortex Re's reinsurance programs with a minimum investment of $5,000.
• This initiative seeks to lower investment barriers and enhance liquidity for qualified investors in the reinsurance market.

Topics: Asset types, Scalability, Institutional adoption, Alternative assets, Market depth liquidity, Asset manager initiatives

Tags: #hcigroup #tokenizedreinsurancesecurities #catastropherisk #fortexre #suranceplus #pilotproject #investoraccess #liquidity #insurancelinkedsecurities

Read more