India Launches $620B Tokenized Bond Experiment Using Digital Rupee

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India has begun testing blockchain-based corporate bonds as the Securities and Exchange Board of India (SEBI) and the Reserve Bank of India (RBI) have launched Demat 2.0, a pilot to test tokenized corporate bonds using distributed ledger technology.The pilot covers India’s $620 billion corporate bond market and uses the RBI’s digital rupee for settlement. Demat …