India initiates tokenisation of its $620 billion corporate bond market using digital‑rupee settlement
India is taking a pioneering step toward modernising its massive corporate bond market, which is valued at roughly $620 billion, by converting these securities into digital tokens and settling the resulting trades with the Reserve Bank of India’s (RBI) wholesale digital rupee. This initiative, launched under the Securities and Exchange Board of India’s (SEBI) Demat 2.0 pilot, marks the first larg…
Sept. 11, 2026, 5:13 a.m.