SEBI Launches Demat 2.0 Pilot for Tokenised Corporate Bonds in India
The Securities and Exchange Board of India (SEBI) has kicked off a significant Demat 2.0 pilot, focusing on tokenising corporate bonds. This move aims to modernise the Indian bond market by leveraging distributed-ledger technology for tokenised securities. Three companies have already successfully raised ₹1,025 crore through this innovative approach, highlighting the potential for digital bonds in India. The pilot enables near-instant settlement and automated coupon payments and redemptions, potentially making the bond market deeper and broader. This initiative by SEBI, alongside developments like the RBI's CBDC (wholesale digital rupee), signals a strong push towards digital securities and a more efficient debt market in India. NSDL Demat 2.0 is also part of this evolution, enhancing the digital infrastructure for financial instruments. This is a key development for the corporate bonds India market.
The Securities and Exchange Board of India (SEBI) has kicked off a significant Demat 2.0 pilot, focusing on tokenising corporate bonds. This move aims to modernise the Indian bond market by leveraging distributed-ledger technology for tokenised securities. Three companies have already successfully raised ₹1,025 crore through this innovative approach, highlighting the potential for digital bonds in India. The pilot enables near-instant settlement and automated coupon payments and redemptions, potentially making the bond market deeper and broader. This initiative by SEBI, alongside developments like the RBI's CBDC (wholesale digital rupee), signals a strong push towards digital securities and a more efficient debt market in India. NSDL Demat 2.0 is also part of this evolution, enhancing the digital infrastructure for financial instruments. This is a key development for the corporate bonds India market.
