Larsen & Toubro is a Publicly Owned company headquartered in India, employing approximately 130,120 individuals. The company is engaged in EPC Projects, Hi-Tech Manufacturing, and Services, operating in over 50 countries worldwide.
On September 11, 2026, India issued 1025 crore ($116 million) in tokenized corporate bonds through three transactions, settled using the Reserve Bank of India's (RBI) wholesale digital rupee under the Demat 2.0 pilot. The Securities and Exchange Board of India (SEBI) noted that Demat 2.0 connects a distributed ledger with the RBI’s Unified Market Interface, enabling atomic settlements. This pilot, involving three companies completing issuances of corporate debt, aimed to test a model that pairs distributed-ledger bonds with wholesale central bank digital currency, with India's corporate bond market evaluating tokenization for improved settlement and asset servicing efficiency. Previously, on September 10, 2026, Larsen & Toubro (L&T) debuted India’s first private-sector corporate tokenized bond issue, raising ₹5bn (£39mn) with a three-year tenure under SEBI’s newly launched blockchain-based tokenization framework.
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