India begins tokenizing corporate bonds and puts $2 billion in grain-backed loans on-chain

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India begins tokenizing corporate bonds and puts $2 billion in grain-backed loans on-chain

⚡ Markets: Significant step in the tokenization of real-world assets (RWA) in a major economy. Bullish for the RWA narrative within crypto and for platforms like Avalanche that facilitate such applications.AVAXDigital Rupee

India has started tokenizing its $620 billion corporate bond market using its digital rupee for settlement. Separately, a major agricultural firm is tokenizing warehouse receipts for grain, aiming to facilitate $2 billion in loans on the Avalanche blockchain.

West MSM: noneFinancial press 31 country

3 sources across the spectrum

Financial pressCoinDesk — India starts tokenizing $620 billion corporate bond market with digital rupee settlement

Financial pressCoinDesk — Indian agri warehouse giant is putting $2 billion in grain-backed loans onchain

Financial pressCointelegraph — India’s Arya.ag to put grain ownership records on Avalanche

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