India’s market regulator has moved ahead with a pilot for tokenized corporate bonds, testing whether distributed ledger technology can improve liquidity and settlement efficiency in the country’s debt markets.
India’s Securities and Exchange Board, commonly known as SEBI, has moved ahead with a pilot project for tokenized corporate bonds after earlier reports said it was planning such an initiative alongside debt disclosure reforms. The pilot is intended to test whether distributed ledger technology can improve liquidity and settlement efficiency in India’s debt markets. The new report adds implementation progress and narrows the focus to corporate bonds, while the previously reported disclosure overhaul remains part of the broader regulatory effort.