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