L&T debuts India’s first tokenised private corporate bond issue

10th September, 2026

Aravind Bulusu

Larsen & Toubro (L&T) has become the first Indian private-sector corporate to raise ₹5bn (£39mn) through tokenised bonds with a three-year tenure, under the Securities and Exchange Board of India’s (SEBI) newly launched blockchain-based tokenisation framework.

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ABN AMRO
Bank of America
CBOE
Citi
Goldman Sachs
DRW Holdings
HSBC
J.P Morgan
Marex
Morgan Stanley
SGX
SocGen
Susquehanna
MUFG Investor Services
TP ICAP
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