Mumbai, Sept. 17 -- The National Stock Exchange of India (NSE) has enabled India's first tokenised corporate bond issuances on its Electronic Bidding Platform (NSE EBP), with REC Limited and Larsen & Toubro raising a combined Rs 1,000 crore under the Securities and Exchange Board of India's (SEBI) Regulatory Sandbox Framework.

REC raised Rs 500 crore through the first tokenised corporate bond issuance on NSE EBP on September 7, followed by a Rs 500 crore issuance by Larsen & Toubro on September 9, NSE said in a release.

The technology was formally unveiled on September 10 at the Global Fintech Fest 2026 in Mumbai by Reserve Bank of India Governor Sanjay Malhotra and SEBI Chairman Tuhin Kanta Pandey.

REC's issuance had a base size of Rs...