L&T Issues India's First Tokenised Bond Worth ₹500 Cr

Larsen & Toubro (L&T) has made history by becoming the first private sector corporate in India to issue tokenised bonds, raising ₹500 crore with a 3-year tenure. This pioneering move utilizes SEBI's new blockchain-based tokenisation framework, leveraging Distributed Ledger Technology (DLT) and Central Bank Digital Currency (CBDC) for settlement. The initiative aims to enhance transparency, efficiency, and digitalization in India's corporate bond market, potentially improving liquidity. This transaction underscores L&T's commitment to adopting technology-led solutions for its capital-raising and treasury operations, marking a significant advancement in digital capital-market transactions.