IIFL Finance Pioneers Tokenised Bond Market with ₹25 Crores Transaction
IIFL Finance has made history by becoming the first non-public sector Non-Banking Financial Company (NBFC) in India to execute a tokenized bond transaction worth ₹25 crores. This milestone was achieved through the Metropolitan Stock Exchange of India under SEBI's Regulatory Sandbox framework, with Trust Investment Advisors Private Limited as the Sole Arranger and Advisor.
The bonds will be listed on the National Stock Exchange of India (NSE). Tokenisation enables securities to be represented digitally using blockchain and distributed ledger technology (DLT), offering potential for greater efficiency, transparency, and speed across debt market processes. By successfully executing this transaction, IIFL Finance has demonstrated growing adoption of technology within India's corporate bond market.
This transaction represents another step towards building a more technology-enabled and innovative debt capital market ecosystem in India, aligning with the broader industry shift towards digitisation of financial market infrastructure.