# REC seeks bids for up to $53 million in tokenized bonds

_Friday, September 4, 2026 at 4:52 AM EDT · Infrastructure · Latest · Tier 2 — Notable_

REC, a state-owned Indian power financier, is seeking investor bids for as much as 5 billion rupees, or $53 million, in tokenized bonds, according to people familiar with the matter. Bloomberg said the transaction would be India's first tokenized-bond issuance and could increase debt-market liquidity. The supplied summary does not state the issuance date or terms, investor response, or whether the bonds have been sold.

## Sources

- [Bloomberg Technology](https://www.bloomberg.com/news/articles/2026-09-04/state-power-lender-rec-set-to-sell-india-s-first-tokenized-bond)

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