India initiates tokenisation of its $620 billion corporate bond market through digital rupee settlement
India is embarking on a landmark effort to modernise its vast corporate bond market, which is valued at roughly $620 billion, by converting these securities into blockchain‑based digital tokens and settling them with the Reserve Bank of India’s wholesale digital rupee. This initiative, launched under the Securities and Exchange Board of India’s (SEBI) Demat 2.0 pilot, represents the first large‑s…
Sept. 11, 2026, 5:13 a.m.