India Initiates Tokenization of Its $620 Billion Corporate Bond Market via Digital Rupee Settlement
India is taking a bold step toward modernising its massive 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 transform traditional paper‑based…
Sept. 11, 2026, 5:13 a.m.