HDFC, ICICI among buyers of India's 1st tokenised bond from REC

State-owned REC Limited raised ₹500 crore through tokenised bonds, marking the country's first such issuance. HDFC Bank and ICICI Bank were among the buyers, along with Axis Bank and Yes Bank, Moneycontrol reported. Tokenised bonds are conventional debt securities whose ownership records are digitally represented on a blockchain or distributed ledger instead of traditional market infrastructure.