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India Starts Tokenizing $620 Billion Corporate Bond Market with Digital Rupee Settlement
The Securities and Exchange Board of India (SEBI) launched its Demat 2.0 pilot this week, enabling corporate bonds to be issued as digital tokens on a distributed ledger and settled via the Reserve Bank of India's (RBI) wholesale digital rupee. State-owned REC has already raised approximately $56 million through the system, with IIFL Finance raising another $2.8 million. Later phases of the pilot are expected to introduce secondary-market trading and retail investor access.
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Source：CoinDesk · Source Link
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