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Market Impact: 0.35
Top Indian Banks Buy State Power Lender REC’s Tokenized Bond
Source: Bloomberg
Crypto & Digital AssetsCredit & Bond MarketsBanking & LiquidityFintech
HDFC Bank and ICICI Bank are among the buyers of India’s first tokenized bond, issued by state-run REC Ltd. Participation by two major lenders signals institutional interest in tokenized debt issuance, which could support greater liquidity and development in India’s bond market.
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