India initiates tokenisation of its $620 billion corporate bond market via digital‑rupee settlement
In a landmark move that could reshape the way large‑scale debt instruments are issued, held, and traded in India, the Securities and Exchange Board of India (SEBI) has launched the second phase of its Demat 2.0 pilot, a programme designed to tokenise the country’s massive corporate bond market, which is valued at roughly $620 billion. The pilot leverages the Reserve Bank of India’s (RBI) wholesal…
Sept. 11, 2026, 5:13 a.m.