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Bond Issue · India

India plans first tokenised bond issue in September

4 sourcesUpdated 24 Aug 2026, 12:20 pm Coverage regionsIndia
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India reportedly plans to launch its first tokenised corporate bonds in September.

The pilot offering is said to be led by state-owned power financier REC.

The blockchain-based initiative aims to enable instant settlement using the central bank digital currency.

The bonds are valued at under five billion rupees.

Why it mattersTokenised bonds could lower borrowing costs and modernise India's debt capital markets.
More context

The securities would be offered to a select investor group using specialized digital wallets.

Regulators and the issuing company did not immediately respond to requests for comment.

AGREEMENT VS DISAGREEMENT

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What coverage agrees on

Reporting broadly agrees that India is planning a first tokenised bond issue in September and that REC is expected to pilot it. The available details also point to a blockchain-based structure and a restricted investor base.

What is changing or disputed

Several details remain unconfirmed, including the final structure, timing, and participant response. Regulators and the issuing company have not immediately commented on the reported plan.

HOW COVERAGE DIFFERS

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Neutral1

Neutral coverage reports that India plans its first tokenised bond issue in September, with REC named as the likely pilot issuer. The reporting describes the bonds as corporate and blockchain-based, with instant settlement linked to the central bank digital currency. It says the issue would be under five billion rupees and available only to a select investor group. The available reporting does not include confirmation from regulators or the company.

Distinctive emphasis — reported claim, not independently verified.Sources: The Economic Times
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The Economic Times Neutral framing Reported

India plans first tokenised bond issue in September: Report

Quick source take

India reportedly plans to launch its first tokenised corporate bonds next month in a pilot offering by state-owned power financier REC. According to three anonymous sources, the blockchain-based initiative aims to enable instant settlement using the central bank digital currency. The bonds, valued at under five billion rupees, will be available to a select investor group requiring specialized digital wallets. Regulators and the issuing company did not immediately respond to requests for comment regarding the unverified details.