{"id":42029,"date":"2026-08-26T10:10:44","date_gmt":"2026-08-26T10:10:44","guid":{"rendered":"https:\/\/zebpay.com\/in\/?p=42029"},"modified":"2026-08-26T10:10:46","modified_gmt":"2026-08-26T10:10:46","slug":"india-gears-up-for-its-first-tokenised-corporate-bond","status":"publish","type":"post","link":"https:\/\/zebpay.com\/in\/blog\/india-gears-up-for-its-first-tokenised-corporate-bond","title":{"rendered":"India Gears Up for its First Tokenised Corporate Bond"},"content":{"rendered":"<div id=\"ez-toc-container\" class=\"ez-toc-v2_0_86 counter-hierarchy ez-toc-counter ez-toc-light-blue ez-toc-container-direction\">\n<div class=\"ez-toc-title-container\">\n<p class=\"ez-toc-title\" style=\"cursor:inherit\">Table of Contents<\/p>\n<span class=\"ez-toc-title-toggle\"><a href=\"#\" class=\"ez-toc-pull-right ez-toc-btn ez-toc-btn-xs ez-toc-btn-default ez-toc-toggle\" aria-label=\"Toggle Table of Content\"><span class=\"ez-toc-js-icon-con\"><span class=\"\"><span class=\"eztoc-hide\" style=\"display:none;\">Toggle<\/span><span class=\"ez-toc-icon-toggle-span\"><svg style=\"fill: #999;color:#999\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" class=\"list-377408\" width=\"20px\" height=\"20px\" viewBox=\"0 0 24 24\" fill=\"none\"><path d=\"M6 6H4v2h2V6zm14 0H8v2h12V6zM4 11h2v2H4v-2zm16 0H8v2h12v-2zM4 16h2v2H4v-2zm16 0H8v2h12v-2z\" fill=\"currentColor\"><\/path><\/svg><svg style=\"fill: #999;color:#999\" class=\"arrow-unsorted-368013\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" width=\"10px\" height=\"10px\" viewBox=\"0 0 24 24\" version=\"1.2\" baseProfile=\"tiny\"><path d=\"M18.2 9.3l-6.2-6.3-6.2 6.3c-.2.2-.3.4-.3.7s.1.5.3.7c.2.2.4.3.7.3h11c.3 0 .5-.1.7-.3.2-.2.3-.5.3-.7s-.1-.5-.3-.7zM5.8 14.7l6.2 6.3 6.2-6.3c.2-.2.3-.5.3-.7s-.1-.5-.3-.7c-.2-.2-.4-.3-.7-.3h-11c-.3 0-.5.1-.7.3-.2.2-.3.5-.3.7s.1.5.3.7z\"\/><\/svg><\/span><\/span><\/span><\/a><\/span><\/div>\n<nav><ul class='ez-toc-list ez-toc-list-level-1 ' ><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-1\" href=\"https:\/\/zebpay.com\/in\/blog\/india-gears-up-for-its-first-tokenised-corporate-bond\/#What_We_Know_About_Indias_Tokenised_Bond_Pilot\" >What We Know About India\u2019s Tokenised Bond Pilot<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-2\" href=\"https:\/\/zebpay.com\/in\/blog\/india-gears-up-for-its-first-tokenised-corporate-bond\/#Final_Thoughts\" >Final Thoughts<\/a><\/li><\/ul><\/nav><\/div>\n\n<p class=\"wp-block-paragraph\">India is taking another step towards bringing blockchain technology into mainstream financial markets. Reportedly, the country is preparing for its first tokenised corporate bond release, marking a significant milestone in the adoption of distributed ledger technology (DLT) within regulated financial infrastructure. The initiative comes as Indian regulators explore how tokenisation can make financial markets more efficient, transparent, and accessible. While the initial pilot is limited in scope, it could provide valuable insights into how traditional financial instruments can evolve in a digitally-native financial ecosystem.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\"><strong>Also Read: <a href=\"https:\/\/zebpay.com\/in\/blog\/goldman-sachs-to-acquire-3-crypto-etfs-through-neos-takeover\" target=\"_blank\" rel=\"noreferrer noopener\">Goldman Sachs to Acquire 3 Crypto ETFs Through NEOS Takeover<\/a><\/strong><\/p>\n\n\n\n<h2 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"What_We_Know_About_Indias_Tokenised_Bond_Pilot\"><\/span><strong>What We Know About India\u2019s Tokenised Bond Pilot<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2>\n\n\n\n<p class=\"wp-block-paragraph\">Based on reports, REC Ltd., a state-managed company, is expected to be the first issuer under the pilot, with the proposed issuance likely to include:<\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li><strong>First Tokenised Corporate Bond: <\/strong>The company is anticipated to issue a tokenised corporate bond worth less than Rs. 500 crore, making it a limited product rather than a large-scale product launch.<\/li>\n<\/ul>\n\n\n\n<ul class=\"wp-block-list\">\n<li><strong>Expected Timeline: <\/strong>The issuance is planned for September 2026, although the timeline hasn\u2019t been formally announced by the REC or the regulators.<\/li>\n<\/ul>\n\n\n\n<ul class=\"wp-block-list\">\n<li><strong>Blockchain-Based Ownership: <\/strong>The securities would be recorded using DLT, allowing ownership of the tokenised bonds to be maintained digitally.<\/li>\n<\/ul>\n\n\n\n<ul class=\"wp-block-list\">\n<li><strong>Wholesale CBDC Settlement: <\/strong>Investors are expected to use India\u2019s wholesale central bank digital currency (CBDC) to settle the obtaining of the tokenised securities.<\/li>\n<\/ul>\n\n\n\n<ul class=\"wp-block-list\">\n<li><strong>Digital Securities Wallet: <\/strong>The pilot is understood to make use of a new securities wallet, referred to as \u201cDEMAT 2.0,\u201d to record ownership of the tokenised bonds.<\/li>\n<\/ul>\n\n\n\n<ul class=\"wp-block-list\">\n<li><strong>Limited Investor Participation: <\/strong>The initial issuance is expected to be restricted to a specific set of investors, with regulators analysing the model in action.<\/li>\n<\/ul>\n\n\n\n<ul class=\"wp-block-list\">\n<li><strong>Potential Secondary Market: <\/strong>Exchanges are understood to develop a secondary market, for the tokenised bonds, later in 2026.<\/li>\n<\/ul>\n\n\n\n<p class=\"wp-block-paragraph\"><strong>Also Read: <a href=\"https:\/\/zebpay.com\/in\/blog\/white-house-crypto-meeting-key-takeaways\" target=\"_blank\" rel=\"noreferrer noopener\">White House Crypto Meeting: Key Takeaways<\/a><\/strong><\/p>\n\n\n\n<h2 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"Final_Thoughts\"><\/span><strong>Final Thoughts<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2>\n\n\n\n<p class=\"wp-block-paragraph\">The significance of the initiative extends beyond the first issuance itself. It represents an opportunity to test how India&#8217;s financial infrastructure can adapt to a more digitally-native model, while maintaining the safeguards expected of a regulated market. If the pilot demonstrates meaningful benefits, it could encourage further experimentation across India&#8217;s capital markets and create a stronger foundation for the digitalisation of financial assets. More broadly, the development highlights how blockchain is increasingly being explored not only for digital assets, but also as infrastructure for the future of traditional finance.&nbsp;<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">In the grand scheme of things, <a href=\"https:\/\/zebpay.com\/in\/blog\" target=\"_blank\" rel=\"noreferrer noopener\"><strong>ZebPay blogs<\/strong><\/a> are here to provide you with crypto wisdom. Get started today and join 6 million+ registered users to explore endless features on <a href=\"https:\/\/zebpay.com\/in\/\" target=\"_blank\" rel=\"noreferrer noopener\"><strong>ZebPay<\/strong><\/a>!<\/p>\n\n\n\n<div class=\"wp-block-buttons is-layout-flex wp-block-buttons-is-layout-flex\">\n<div class=\"wp-block-button\"><a class=\"wp-block-button__link has-white-color has-vivid-cyan-blue-background-color has-text-color has-background has-link-color wp-element-button\" href=\"https:\/\/onboarding.zebpay.com\/onboarding?returnUrl=https%3A%2F%2Fzebpay.com%2Fapp\" target=\"_blank\" rel=\"noreferrer noopener\">TRADE NOW<\/a><\/div>\n<\/div>\n","protected":false},"excerpt":{"rendered":"<p>India is taking another step towards bringing blockchain technology into mainstream financial markets. Reportedly, the country is preparing for its first tokenised corporate bond release, marking a significant milestone in the adoption of distributed ledger technology (DLT) within regulated financial infrastructure. The initiative comes as Indian regulators explore how tokenisation can make financial markets more [&hellip;]<\/p>\n","protected":false},"author":37,"featured_media":42030,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"inline_featured_image":false,"_ayudawp_aiss_exclude":false,"_ayudawp_aiss_exclude_summary":false,"_ayudawp_aiss_summary":"","_ayudawp_aiss_summary_provider":"","_ayudawp_aiss_summary_hash":"","footnotes":""},"categories":[303],"tags":[79,288,527,16,328],"class_list":["post-42029","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-crypto-news","tag-blockchain","tag-cbdc","tag-central-bank-digital-currency","tag-crypto","tag-tokenisation"],"acf":[],"_links":{"self":[{"href":"https:\/\/zebpay.com\/in\/wp-json\/wp\/v2\/posts\/42029","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/zebpay.com\/in\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/zebpay.com\/in\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/zebpay.com\/in\/wp-json\/wp\/v2\/users\/37"}],"replies":[{"embeddable":true,"href":"https:\/\/zebpay.com\/in\/wp-json\/wp\/v2\/comments?post=42029"}],"version-history":[{"count":1,"href":"https:\/\/zebpay.com\/in\/wp-json\/wp\/v2\/posts\/42029\/revisions"}],"predecessor-version":[{"id":42032,"href":"https:\/\/zebpay.com\/in\/wp-json\/wp\/v2\/posts\/42029\/revisions\/42032"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/zebpay.com\/in\/wp-json\/wp\/v2\/media\/42030"}],"wp:attachment":[{"href":"https:\/\/zebpay.com\/in\/wp-json\/wp\/v2\/media?parent=42029"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/zebpay.com\/in\/wp-json\/wp\/v2\/categories?post=42029"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/zebpay.com\/in\/wp-json\/wp\/v2\/tags?post=42029"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}