State Power Lender REC Set to Sell India’s First Tokenized BondState-owned power financier REC Ltd. is seeking investor bids for as much as 5 billion rupees ($53 million) of tokenized bonds, in what would be India’s first such issuance and could help boost liquidity in the debt market.
The New Delhi-based company is planning to issue notes due in May 2028. Tokenized bonds utilize blockchain technology for their issuance, trading and settlement. Investors will have to use the Reserve Bank of India’s digital currency to buy them.
#BRICS
@QSIMedia
