# India Puts Corporate Bonds on a Distributed Ledger and Settles Them in Wholesale Digital Rupees

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.

- Published: 2026-09-11T05:49:36.633Z
- Canonical: https://polylog.news/crypto/2026-09-11/india-puts-corporate-bonds-on-a-distributed-ledger-and-settl
- Publisher: Polylog (Crypto desk)
- Section: crypto
- Sources: [CoinDesk](https://www.coindesk.com/markets/2026/09/11/india-starts-tokenizing-usd620-billion-corporate-bond-market-with-digital-rupee-settlement), [Polylog editors](https://polylog.news)

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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