Morning Edition · Friday, September 11, 2026Published at 1:49 AM EDT · New York
REC, Larsen & Toubro and IIFL Finance have raised a combined 1,025 crore rupees (a crore equals 10 million) through the pilot, with the securities leg and the cash leg settling together.

India has begun issuing corporate bonds as tokens on a ledger run by its depositories, with payment settled in the Reserve Bank of India's wholesale digital rupee. The Securities and Exchange Board of India calls the programme Demat 2.0, an…
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