India initiates tokenisation of its $620 billion corporate bond market via digital‑rupee settlement
India is taking a decisive step toward modernising its massive corporate bond market, which is valued at roughly $620 billion, by introducing a token‑based settlement system that relies on the Reserve Bank of India’s (RBI) wholesale digital rupee. The initiative, launched under the Securities and Exchange Board of India’s (SEBI) Demat 2.0 pilot, marks the first large‑scale experiment in the count…
Sept. 11, 2026, 5:13 a.m.