The National Stock Exchange of India (NSE) has enabled tokenised corporate bond issuances worth a combined Rs 1,000 crore.
The transactions were conducted under the Securities and Exchange Board of India’s (SEBI) Regulatory Sandbox Framework with guidance and support from the Reserve Bank of India (RBI).
The issuance saw participation from banks, financial institutions, mutual funds and depositories.
Tokenisation enables securities to be represented and managed digitally using Distributed Ledger Technology (DLT).
The technology allows digital records of securities to be maintained across a distributed network, with NSE positioning it as a tool for improving processes across the securities lifecycle.