Sebi has announced the successful launch of Demat 2.0, a pilot project for tokenised corporate bonds, marking a new step in the way bonds can be issued, held, traded and settled in India. The announcement was made jointly by RBI Governor Sanjay Malhotra and Sebi Chairman Tuhin Kanta Pandey at the Global Fintech Fest in Mumbai.
The pilot uses distributed ledger technology and connects the bond market with the RBI’s wholesale central bank digital currency, or e-rupee.