India · The Block
India’s SEBI Demat 2.0 pilot rolls out with over $100 million in tokenized bonds
Compiled by KHAO Editorial — aggregated from 1 source. See llms.txt for citation guidance.
★ Tier-1 Source
India's securities watchdog announced on Thursday that three issuers raised ₹1,025 crore ($107.2 million) through tokenized corporate bonds under its Demat 2.0 pilot.
Key facts
- According to the statement, REC Ltd. was the first issuer on Sept. 7, raising ₹500 crore ($52.3 million) from 18 investors
- India's securities watchdog announced on Thursday that three issuers raised ₹1,025 crore ($107.2 million) through tokenized corporate bonds under its Demat 2.0 pilot
- SEBI said the infrastructure behind Demat 2.0 pilot records corporate bonds as native digital tokens on a distributed ledger owned by the depositories
- The Securities and Exchange Board of India said that the system uses distributed ledger technology to issue, hold, and settle corporate bonds
Summary
The Securities and Exchange Board of India said that the system uses distributed ledger technology to issue, hold, and settle corporate bonds. According to the statement, REC Ltd. was the first issuer on Sept. 7, raising ₹500 crore ($52.3 million) from 18 investors. SEBI said the infrastructure behind Demat 2.0 pilot records corporate bonds as native digital tokens on a distributed ledger owned by the depositories. According to the regulator, this reduces the settlement risk associated with separate securities and funds transfers.