{
  "id": 3259796,
  "title": "India plans first tokenized bonds using wholesale CBDC: Report",
  "url": "https://urgent.news/2026/08/25/india-plans-first-tokenized-bonds-using-wholesale-cbdc-report",
  "topic": "finance",
  "section": "Finance & Markets",
  "published": "2026-08-25T12:09:15.000Z",
  "source": {
    "name": "Cointelegraph",
    "slug": "cointelegraph",
    "url": "https://cointelegraph.com/news/india-tokenized-bonds-digital-rupee"
  },
  "original_language": "en",
  "account": "India is set to conduct a pilot test of tokenized corporate bonds in September, utilizing a wholesale CBDC for transactions involving state-owned REC Limited. The bonds, valued at less than 5 billion Indian rupees, will be issued to a select group of investors and will be settled using the central bank's digital currency. REC Limited, a state-controlled power infrastructure finance company, will be the issuer of these tokenized bonds. Investors will require two digital accounts: a wholesale CBDC wallet provided by a bank and a new electronic securities wallet, dubbed DEMAT 2.0, developed by Indian securities depositories. The Reserve Bank of India and the Securities and Exchange Board of India are collaborating on this endeavor. The bonds will have a three-month lockup period, and exchanges are anticipated to establish a secondary market for the tokenized bonds by December. No official response has been received from the RBI, SEBI, or REC regarding these plans.",
  "summary": "India plans to test tokenized corporate bonds in a September pilot, with state-controlled REC issuing the debt and select investors using wholesale CBDC payments.",
  "key_points": [
    "India to pilot tokenized corporate bonds in September",
    "REC Limited, state-owned power firm, to issue bonds",
    "Bonds to be settled using central bank's digital currency"
  ],
  "editors_take": null,
  "illustration": null,
  "coverage": {
    "outlets": 1,
    "also_reported_by": []
  },
  "ai_generated": true,
  "disclaimer": "Summaries, key points and the editor’s take are written by software from other outlets’ reporting and may contain errors — always check the linked original."
}