Abstract
This article delves into the transformative influence of digital currencies, particularly Bitcoin and blockchain technology, on corporate finance. Beginning with an introduction to the subject, it establishes a conceptual framework elucidating the mechanisms of digital currencies. Subsequently, it highlights the myriad advantages and potentials inherent in these technologies, ranging from enhanced treasury management to streamlined international transactions. Moreover, it examines their applicability in corporate finance, notably in the realms of initial public offerings and equity financing, delineating the strategic advantages they offer. However, alongside these opportunities, the article also addresses the strategic challenges and risk management considerations pertinent to Indian corporations adopting digital currencies. Furthermore, it navigates the evolving regulatory landscape in India, underscoring the importance of compliance and adaptation.
Keywords: Digital Currencies, Bitcoin, Blockchain Technology, Corporate Finance, Treasury Management, Fundraising, Initial Public Offerings, Equity Financing