Author: Firdaous Naim

1. India Launches Demat 2.0 Pilot to Tokenize $620B Corporate Bond Market link India’s Securities and Exchange Board (SEBI) has launched the Demat 2.0 pilot, leveraging blockchain and the Reserve Bank of India’s (RBI) wholesale digital rupee to issue and settle tokenized corporate bonds. State-owned power financier REC issued bonds worth 5 billion Indian rupees (approximately $56 million) via the system this month. Larsen & Toubro followed with an issue of the same size, while non-bank financial institution IIFL Finance issued 250 million Indian rupees (around $2.8 million) in bonds. The bonds retain fixed coupon rates, maturity dates and investor…

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