India's SEBI and RBI launch Demat 2.0 pilot, tokenizing corporate bonds on blockchain and settling via wholesale digital rupee, with three companies raising $107M.
Regulation & Gov ·
India's securities regulator SEBI and central bank RBI have launched a "Demat 2.0" pilot program that tokenizes corporate bonds on blockchain and settles transactions using the wholesale digital rupee. The pilot represents a move to modernize India's $620 billion corporate bond market, with three companies having already raised approximately $107 million through the tokenized issuance mechanism.