NSE Enables India’s First Tokenised Corporate Bonds Worth ₹1,000 Crore
Why in the news
Debt raising took a new technical turn as NSE facilitated the country’s first bond issues in tokenised form.
Key facts
- Total: ₹1,000 crore of tokenised corporate bonds, the first in India.
- Issuers: REC and L&T, ₹500 crore apiece.
- Framework: SEBI Regulatory Sandbox Framework, 2020.
- Technology: Distributed Ledger Technology (DLT) for digital representation and management of securities.
| Issuer | Amount raised |
|---|---|
| REC | ₹500 crore |
| L&T | ₹500 crore |
| Total | ₹1,000 crore |
Significance
- Aims at greater transparency, operational efficiency and smoother settlement.
Exam angle
- Platform: NSE; sandbox: SEBI Regulatory Sandbox Framework, 2020.
- Technology: DLT.
- Issuers: REC and L&T.