Markets · Tokenisation · Wednesday, 9 September 2026 · 2 min read · Token+ Intel desk
L&T becomes India's first private-sector company to issue a tokenised bond
Larsen & Toubro announces a first for an Indian private-sector corporate, following Reuters reporting of a planned first issue.
Key points
- L&T announced it is India's first private-sector corporate to issue a tokenised bond.
- Reuters had reported in August that India planned a first tokenised bond issue in September.
Larsen & Toubro says it has become India's first private-sector corporate to issue a tokenised bond. In August, Reuters reported, citing sources, that India planned its first tokenised bond issue for September.
A large industrial issuer gives the pilot credibility with domestic institutional buyers.
The Democratize view
Corporate issuers follow sovereigns. India now has both in motion.
Opinion of the Democratize editorial team.
What to watch: Pricing relative to L&T's conventional bonds.
Sources
- Larsen & Toubro · L&T Becomes India's First Private Sector Corporate to Issue Tokenised Bond · Wednesday, 9 September 2026 Company announcement
- Reuters · India plans first tokenised bond issue in September, sources say · Monday, 24 August 2026 Financial publication
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