India launches tokenized bond pilot with $107M issued
60-second summary
India launches tokenized bond pilot with $107M issued, marking the first public‑sector digital debt offering. The Securities and Exchange Board of India (SEBI) approves the pilot, issuing bonds worth 8.9 billion rupees to qualified investors. SEBI says later Demat 2.0 phases will add secondary trading and allow retail participation, potentially expanding market liquidity and accelerating blockchain adoption in finance.
SEBI said later phases of Demat 2.0 will introduce secondary trading and open the tokenized bonds to retail investors.