India Initiates Tokenisation of Its $620 Billion Corporate Bond Market Using Digital Rupee Settlement
India is embarking on a groundbreaking journey to modernise its vast corporate bond market, which is valued at roughly $620 billion, by introducing a token‑based settlement system that leverages the country’s newly launched wholesale digital rupee. This initiative, spearheaded by the Securities and Exchange Board of India (SEBI) under its Demat 2.0 pilot programme, aims to convert traditional pap…
Sept. 11, 2026, 5:13 a.m.