India, Sept. 9 -- Larsen & Toubro (L&T) has become the first private sector corporate in India to raise Rs.500 crore through tokenised bonds with a 3-year tenure, under the Securities and Exchange Board of India's (SEBI) newly introduced blockchain-based tokenisation framework.

SEBI's pioneering initiative enables the tokenisation of corporate bonds using Distributed Ledger Technology (DLT), marking a significant step towards the digital transformation of India's corporate bond market.

The company said the framework is aimed at enhancing transparency, efficiency and digitalisation, while facilitating wider participation and potentially improving liquidity in the corporate bond market.

The transaction represents an important milestone i...