India Initiates Tokenisation of Its $620 Billion Corporate Bond Market Using Digital Rupee Settlement
India is taking a pioneering step toward modernising its vast corporate bond market, which is valued at roughly $620 billion, by introducing a token‑based settlement system that leverages the country’s wholesale digital rupee. The initiative, launched under the Securities and Exchange Board of India’s (SEBI) Demat 2.0 pilot programme, aims to transform traditional paper‑based and electronic bond …
Sept. 11, 2026, 5:13 a.m.