India starts tokenizing $620 billion corporate bond market with digital rupee settlement
60-second summary
India begins tokenizing its $620 billion corporate bond market as SEBI’s Demat 2.0 pilot converts bonds into digital tokens and settles payments via the RBI’s wholesale digital rupee, while secondary trading and retail access are slated for later phases, signaling a push toward faster, more transparent settlement infrastructure and potentially boosting market liquidity and efficiency.
SEBI’s Demat 2.0 pilot turns corporate bonds into digital tokens and settles payment through the RBI’s wholesale digital rupee, with secondary trading and retail access expected in later phases.