India initiates tokenisation of its $620 billion corporate bond market using digital‑rupee settlement
India is taking a decisive step toward modernising its vast corporate bond market, which is valued at roughly $620 billion, by launching a tokenisation framework that leverages the country’s newly‑introduced wholesale digital rupee. The initiative, spearheaded by the Securities and Exchange Board of India (SEBI) under its Demat 2.0 pilot programme, aims to transform traditional paper‑based or ele…
Sept. 11, 2026, 5:13 a.m.