India has launched a tokenized bond pilot involving $107 million in issued bonds, according to Cointelegraph. The initiative is part of the country’s broader effort to develop digital versions of securities through the Demat 2.0 framework. The Securities and Exchange Board of India (SEBI) said later phases will expand the program by enabling secondary-market trading of the tokenized bonds. Those phases are also expected to open access to retail investors. The initial pilot represents the first stated issuance amount, while the planned additions would broaden how the bonds can be traded and who can participate. The development is relevant to market participants monitoring the use of blockchain-based infrastructure in traditional financial markets, as India evaluates tokenization within its securities system.
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Cointelegraph
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