India plans first tokenized bonds using wholesale CBDC: Report
India will pilot tokenized corporate bonds in September, with the state‑controlled REC issuing the debt and a handful of investors paying via wholesale central bank digital currency (CBDC). The move aims to test the use of digital tokens for securities settlement and could signal a broader shift toward blockchain‑based financial instruments. The pilot is reported by Reuters and highlights the government's push to modernise its capital markets infrastructure.
India will pilot tokenized corporate bonds in September, with the state‑controlled REC issuing the debt and a handful of investors paying via wholesale central bank digital currency (CBDC). The move aims to test the use of digital tokens for securities settlement and could signal a broader shift toward blockchain‑based financial instruments. The pilot is reported by Reuters and highlights the government's push to modernise its capital markets infrastructure.
Sources
- Cointelegraph — India plans first tokenized bonds using wholesale CBDC: Report
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