India's SEBI Debuts Tokenized Corporate Bond Pilot With $107M Issued, Settled in Digital Rupee
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· body · New information from a source
India's securities regulator SEBI launched a pilot program tokenizing corporate bonds on a digital rupee network, according to Cointelegraph.The initial phase saw $107M in tokenized bonds issued.Cointelegraph reported that later phases of the initiative, branded Demat 2.0, will add secondary trading and expand access to retail investors.CoinDesk characterized the program as targeting the $620 billion corporate bond market.- India's Securities and Exchange Board (SEBI) has launched a pilot program, called Demat 2.0, to tokenize corporate bonds and settle trades using the country's wholesale central bank digital currency, according to The Block.
- Three issuers raised over $100 million in the pilot's debut, The Block reported, while Cointelegraph put the figure at $107 million issued.
- The tokenized bonds were settled in digital rupee rather than traditional cash rails, according to The Block.
- SEBI said later phases of Demat 2.0 will add secondary trading and open the tokenized bonds to retail investors, according to Cointelegraph.
- CoinDesk reported that the pilot is a first step toward tokenizing India's corporate bond market, which it valued at $620 billion.
· summary · New information from a source
India settled its first tokenized corporate bonds using digital rupee, with $107M issued in the pilot phase.- India's SEBI launched a tokenized corporate bond pilot settled via digital rupee, with three issuers raising over $100 million as regulators eye the country's $620 billion bond market.
· headline · New information from a source
India tokenizes corporate bonds on digital rupee network, $107M issued in pilot phase- India's SEBI Debuts Tokenized Corporate Bond Pilot With $107M Issued, Settled in Digital Rupee
Every change made to this story after publication is recorded here automatically. A factual error gets a correction as well, on the corrections page.
India’s Securities and Exchange Board (SEBI) has launched a pilot program, called Demat 2.0, to tokenize corporate bonds and settle trades using the country’s wholesale central bank digital currency, according to The Block.
Three issuers raised over India’s SEBI Demat 2.0 pilot debuts with over $100 million in tokenized bonds.
in the pilot’s debut, The Block reported, while Cointelegraph put the figure at India launches tokenized bond pilot with $107M issued.
issued. The tokenized bonds were settled in digital rupee rather than traditional cash rails, according to The Block.
SEBI said later phases of Demat 2.0 will add secondary trading and open the tokenized bonds to retail investors, according to Cointelegraph.
CoinDesk reported that the pilot is a first step toward tokenizing India’s corporate bond market, which it valued at India starts tokenizing $620 billion corporate bond market with digital rupee settlement.
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Sources: CoinDesk, Cointelegraph, The Block
This article is for information only and is not financial advice.
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Story so far 2 updates
- digestIndia tokenizes corporate bonds on digital rupee network, $107M issued in pilot phasefirst reported · 2 sourcescoindesk.com · cointelegraph.com
- storyIndia's SEBI Debuts Tokenized Corporate Bond Pilot With $107M Issued, Settled in Digital Rupeeupdate · 3 sourcescoindesk.com · cointelegraph.com · theblock.co
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