Crypto
L&T Leads the Way in Tokenized Bond Market
Larsen & Toubro (L&T) has taken a significant step into India's tokenized securities space by issuing a tokenized bond, marking the country's first private-sector company to do so.
The transaction was executed within SEBI's new framework for tokenized securities and raised Rs. 500 crore through bonds carrying a three-year maturity.
Distributed Ledger Technology (DLT) underpins the digital issuance and record-keeping process, while the settlement of funds takes place using a Central Bank Digital Currency (CBDC) wallet.