India initiates tokenisation of its $620 billion corporate bond market using digital‑rupee settlement
India is taking a bold step toward modernising its vast corporate debt market by converting billions of dollars worth of bonds into digital tokens that can be settled with 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, aims to create a more efficient, transparent, and inclusive infrastr…
Sept. 11, 2026, 5:13 a.m.