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RWA Regulation

India to Issue First Tokenized Bond in September, Over $57M

India plans to issue its first tokenized bond in September, with a size exceeding $57 million. This move marks a significant step in the country’s adoption of blockchain for government securities.

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AI take

This is a sovereign-adjacent signal, not a startup experiment: a government-backed issuer putting real size behind tokenized debt changes the reference point for every other Asian issuer weighing the same move. The immediate read-through is for the domestic custody, settlement and compliance stack that has to support it, and for whether this stays a one-off showcase or becomes a recurring issuance channel. Whether other Indian public-sector borrowers follow, and whether the structure is built for secondary trading rather than a single placement, is the open question.

Generated by AI for reference only.

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