India just went live with tokenized bonds on a permissioned DLT pilot
SEBI's "Demat 2.0" now settling corporate bonds using RBI's wholesale digital rupee (e₹)
First issuances:
$500cr REC
$500cr L&T
$25cr IIFL Finance
Total: ₹1,025 crore already on-chain
Next phase: secondary trading + retail access
This isn't some whitepaper fantasy. India is live-testing RWA tokenization at scale with actual settlement infrastructure. If they open retail gates, this becomes a real liquidity bridge between TradFi bonds and on-chain rails.
Watch how fast other emerging markets copy this playbook 👀
SEBI's "Demat 2.0" now settling corporate bonds using RBI's wholesale digital rupee (e₹)
First issuances:
$500cr REC
$500cr L&T
$25cr IIFL Finance
Total: ₹1,025 crore already on-chain
Next phase: secondary trading + retail access
This isn't some whitepaper fantasy. India is live-testing RWA tokenization at scale with actual settlement infrastructure. If they open retail gates, this becomes a real liquidity bridge between TradFi bonds and on-chain rails.
Watch how fast other emerging markets copy this playbook 👀
