India initiates tokenisation of its $620 billion corporate bond market via 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 system that leverages the country’s new wholesale digital rupee. The initiative, spearheaded by the Securities and Exchange Board of India (SEBI) under its Demat 2.0 pilot, aims to replace traditional paper‑based or electronic dematerialisation …
Sept. 11, 2026, 5:13 a.m.