India
CoinPost
India's Tokenized Corporate Bond Pilot Project Raises Approximately 16.5 Billion Yen Across Three Companies
- REC Limited, L&T Limited, and IIFL issued tokenized bonds totaling 10.25 billion Indian rupees, or approximately 16.5 billion yen.
- REC Limited raised 5 billion rupees from 18 investors on September 7, 2026; L&T Limited raised 5 billion rupees from four investors and IIFL raised 250 million rupees from one investor on September 9.
- SEBI plans to expand Demat 2.0 to trading on existing request-for-quote platforms and eventually provide retail investor access, while keeping the existing regulatory framework and asset classification unchanged.