India launches tokenized bond pilot with $107M issued

Crypto Insight Summary: SEBI said later phases of Demat 2.0 will introduce secondary trading and open the tokenized bonds to retail investors. Crypto Insight Analysis: Direction: Bullish Matic / Bullish GT Impact: Minor Impact Horizon: Mid-term (1-8 weeks) Reasoning: Tokenized bonds in India could boost blockchain adoption, benefiting platforms like Polygon (Matic) and exchanges like Gate.io (GT).