India starts tokenizing $620 billion corporate bond market with digital rupee settlement

Crypto Insight Summary: SEBI’s Demat 2.0 pilot turns corporate bonds into digital tokens and settles payment through the RBI’s wholesale digital rupee, with secondary trading and retail access expected in later phases. Crypto Insight Analysis: Direction: Neutral Impact: Minor Impact Horizon: Long-term (1 quarter-1 year) Reasoning: Tokenization of bonds may boost crypto adoption but has limited immediate market impact.