CoinScoopIndia begins tokenizing $620 billion corporate bond market with digital rupee settlement
The Securities and Exchange Board of India (SEBI) has launched its Demat 2.0 pilot program, which converts corporate bonds into digital tokens. The initiative utilizes the Reserve Bank of India's (RBI) wholesale digital rupee for payment settlement, with plans to expand into secondary market trading and retail access in future phases.
Summaries are written by AI from the original article. Not investment advice.