{
  "id": 3437317,
  "title": "India Is Finally Getting Its First Tokenized Corporate Bond",
  "url": "https://urgent.news/2026/08/24/india-is-finally-getting-its-first-tokenized-corporate-bond",
  "topic": "finance",
  "section": "Finance & Markets",
  "published": "2026-08-24T18:02:21.000Z",
  "source": {
    "name": "Yahoo Finance",
    "slug": "yahoo-finance",
    "url": "https://finance.yahoo.com/markets/crypto/articles/india-finally-getting-first-tokenized-180221515.html"
  },
  "original_language": "en",
  "account": "India is set to launch its inaugural tokenized corporate bond in September. The bond, worth $57 million, will be issued by REC, a state-owned power financier. India's bond market has long suffered from liquidity issues and manual processing, making blockchain technology a timely solution. However, India lags behind markets like Europe and Hong Kong in adopting distributed ledger technology for bond issuance and settlement. The Securities and Exchange Board of India (SEBI) and the central bank are collaborating on this technology, with India's central bank digital currency to be used for purchasing the bonds. This will be a pilot project involving a select group of investors. To participate, investors will need two digital accounts: a wholesale digital-currency wallet and a new electronic securities wallet. While the pilot may be small, it addresses a significant issue of limited liquidity in India's secondary bond market, where private placements heavily dominate. The bond size is in line with similar digital bond issuances by Siemens and POSCO International. Additionally, SEBI is digitizing foreign portfolio investor onboarding, enabling foreign investors to invest more efficiently in the tokenized bond market.",
  "summary": null,
  "key_points": [],
  "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."
}