India launches tokenisation of its $620 billion corporate bond market using digital‑rupee settlement
India is taking a bold step toward modernising its vast corporate bond market, estimated at roughly $620 billion, by introducing a token‑based settlement system that leverages the country’s wholesale digital rupee. The initiative, spearheaded by the Securities and Exchange Board of India (SEBI) under the banner of its Demat 2.0 pilot, aims to replace traditional paper‑based or electronic demateri…
Sept. 11, 2026, 5:13 a.m.