Sumit Gupta: REC issues India’s first tokenised corporate bond with $500 million raised

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09.09.2026

Sumit Gupta: REC issues India’s first tokenised corporate bond with $500 million raised — REC executes first tokenised corporate bond

Sumit Gupta, co-founder & CEO at CoinDCX, highlights a milestone for India’s financial markets as REC raised $500 crore this week through the country’s first tokenised corporate bond.

The transaction moves ownership records and settlement onto blockchain technology. L&T is planning a similar $500 crore issue soon.

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Gupta previously reported strong interest in crypto and finance at the CoinDCX booth during MoneyExpo Mumbai. He has also reviewed assumptions for bitcoin, projecting potential net inflows of $1.3-5.3 trillion over 3-5 years. These updates reflect ongoing engagement with digital assets in India’s financial sector.

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