Original sourceFortune India
Summary
India's Securities and Exchange Board (Sebi) launched the Demat 2.0 pilot, tokenizing corporate bonds on a distributed ledger and settling instantly and atomically via central bank wholesale digital currency through RBI and Umi infrastructure. Ownership is recorded by statutory depositories and set…
Key points
- Market infrastructure and tokenization players can observe how CBDC and tokenized securities integrate within a regulated framework.
- Tokenized bonds settled instantly in CBDC are a key experiment in bringing programmable finance into regulated markets.
- If the pilot scales, corporate bond issuance and asset servicing will become more automated, and other markets may follow in evaluating tokenized securities with CBDC.
Editorial note
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