Episode Details

India is set to launch its first tokenized corporate bonds this September, using blockchain and a wholesale CBDC for secure, digital trading. Led by state-backed REC Limited, the pilot will issue bonds worth under $57 million, accessible only to select investors. Backed by RBI and SEBI, the program requires new digital wallets—one for CBDC and another for DEMAT 2.0—using distributed ledger tech. Bonds will lock up for three months before hitting secondary markets by December, marking a major leap toward digitizing India’s financial infrastructure.

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