GENERAL7 Sept 2026
L&T plans to raise up to ₹500 crore via tokenized bonds after REC's success, marking new era for debt markets | Stock Market News
India's debt market is changing. After state-run REC raised ₹500 crore through tokenized bonds, L&T plans to raise up to ₹500 crore this week. These are normal bonds, but records sit on blockchain. This is part of RBI and SEBI's project. Investors need active security and CBDC wallets to bid. The technology could speed settlement and lower investment sizes, though a liquid secondary market is still needed.
Key Statutory Highlights
- REC became the first Indian issuer to raise money through tokenized corporate bonds, with a 7.30% coupon and maturity on 31 May 2028.
- L&T is likely to raise up to ₹500 crore through its first tokenized bond issue, with three-year maturity and expected rate about 7.40%.
- The RBI and SEBI project tests tokenized bonds using a blockchain securities wallet called DEMAT 2.0 and wholesale CBDC.
Actionable Advice for Taxpayers / Founders:Keep an eye on L&T's upcoming tokenized bond issue, and check with your CA whether you have the required security and CBDC wallets to bid, since only those investors can participate.
Statutory Disclaimer: TaxQue Shorts are AI-assisted editorial briefs for compliance awareness. This brief has not passed every source check; confirm the original notification before acting. This does not constitute formal legal or CA counsel.
TaxQue News Desk
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