India Takes Corporate Bond Tokenization to a $620 Billion Market With Digital Rupee

India is taking corporate bond tokenization out of the crypto conversation and into one of the world’s biggest traditional markets.This week, the Securities and Exchange Board of India (SEBI) launched Demat 2.0, a pilot that puts corporate bonds on a distributed ledger while using the Reserve Bank of India’s wholesale digital rupee to settle the cash side of trades.The scale is significant. India’s corporate bond market is worth roughly $620 billion, and the new system is desig