India initiates tokenisation of its $620 billion corporate bond market through digital‑rupee settlement
India is taking a decisive step toward modernising its vast corporate bond arena, valued at roughly $620 billion, by introducing a token‑based settlement framework that leverages the central bank’s wholesale digital rupee. The initiative, rolled out under the Securities and Exchange Board of India’s (SEBI) Demat 2.0 pilot, transforms traditional paper‑based or electronic bond certificates into bl…
Sept. 11, 2026, 5:13 a.m.