India initiates tokenisation of its $620 billion corporate bond market through digital‑rupee settlement
India is taking a decisive step toward modernising its massive corporate bond arena, valued at roughly $620 billion, by introducing a token‑based settlement framework that relies on the Reserve Bank of India’s wholesale digital rupee. The initiative, known as the Demat 2.0 pilot, is being overseen by the Securities and Exchange Board of India (SEBI) and represents the first large‑scale experiment…
Sept. 11, 2026, 5:13 a.m.