Sebi’s Demat 2.0 pilot is testing whether tokenised corporate bonds and the RBI’s wholesale digital rupee can operate on a common settlement infrastructure. While the underlying bonds remain unchanged, the experiment could pave the way for programmable settlement and wider tokenisation of regulated financial assets.

Capital markets regulator Securities and Exchange Board of India (Sebi) is testing whether distributed ledger technology (DLT) can become the next layer of infrastructure for the corporate bond market, with its Demat 2.0 pilot combining tokenised securities with the Reserve Bank of India’s wholesale digital rupee......

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Via businesstoday.in