India begins tokenization of $620 billion corporate bond market
- —The Demat 2.0 pilot covers India's $620 billion corporate bond market
- —Settlements are conducted in the wholesale digital rupee (CBDC)
- —Three companies have already raised about $107 million under the pilot
Why it matters: The largest tokenization pilot of a debt market could accelerate blockchain adoption in traditional finance across Asia.
Source: Decrypt