India launches tokenisation of its $620 billion corporate bond market using digital‑rupee settlement
India is taking a decisive step toward modernising its vast corporate bond market, which is valued at roughly $620 billion, by introducing a token‑based settlement system that relies on 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 convert traditional paper‑based …
Sept. 11, 2026, 5:13 a.m.