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Sebi launches Demat 2.0 pilot for tokenised corporate bonds

By Markets Desk · 2026-09-10 · Updated 2026-09-10 19:54 UTC
A digital token floating above a secure server rack
Illustration: Tradingbird

Sebi has launched Demat 2.0, a DLT-based pilot that has facilitated 1,025 crore INR in tokenised corporate bond issuances from REC, L&T, and IIFL. Unveiled jointly by RBI and Sebi leadership at the Global Fintech Fest, the system enables instant settlement via CBDC integration and marks the first time corporate bonds are issued natively on a distributed ledger within a country's regulated statutory depositories.

  • According to GN auto markets/bonds: corporate bonds, the pilot was jointly unveiled by RBI Governor Sanjay Malhotra and Sebi Chairman Tuhin Kanta Pandey at the Global Fintech Fest. The release also highlights that India is the first nation to natively issue corporate bonds on a distributed ledger within its regulated market infrastructure, a global first for the sector.

    Source: GN auto markets/bonds: corporate bonds

  • According to GN auto markets/bonds: corporate bonds, the pilot is linked to RBI's digital rupee via the Unified Market Interface to enable atomic settlement, with smart contracts set to automate interest and redemption processes.

    Source: GN auto markets/bonds: corporate bonds

  • Three issuers have raised 1,025 crore INR under the new infrastructure.

    Source: GN auto markets/bonds: corporate bonds
Based on reporting by GN auto markets/bonds: corporate bonds, GN auto markets/bonds: corporate bonds and GN auto markets/bonds: corporate bonds, compiled by the Tradingbird desk.

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