India’s SEBI Launches Digital Token Pilot for Corporate Bonds
- The Securities and Exchange Board of India (SEBI) initiated a pilot program called Demat 2.0.
- This program aims to tokenize the $620 billion corporate bond market.
- Payments will be settled using the Reserve Bank of India’s wholesale digital rupee.
- Future phases are expected to include secondary trading and retail access for investors.
The introduction of digital tokens for corporate bonds represents a significant shift in India’s financial landscape, enhancing liquidity and accessibility in the bond market.
With the tokenization of a $620 billion market, this initiative could reshape how corporate bonds are traded and settled in India.(Source)
