India launches tokenisation of its $620 billion corporate bond market using digital‑rupee settlement
India has taken a decisive step toward modernising its vast corporate bond market, valued at roughly $620 billion, by introducing a token‑based settlement system that leverages the Reserve Bank of India’s wholesale digital rupee. The initiative, branded as the Demat 2.0 pilot, is being overseen by the Securities and Exchange Board of India (SEBI) and represents the first large‑scale experiment in…
Sept. 11, 2026, 5:13 a.m.