India just went full degen with "Demat 2.0" — RBI and SEBI are piloting tokenized corporate bonds + instant settlement via blockchain and their CBDC.
First deal? $60M Larsen & Toubro bond backed by SBI, Axis Bank, and NSDL. They're testing if DLT can merge security + settlement, automate asset servicing, and cut settlement time to zero.
This isn't just bonds. They're eyeing equities, mutual funds, gold, CPs, and CDs next. RBI is even exploring gold tokenization.
The play: fractional ownership. A $12k bond split into $1.20 units. Retail gets in. Liquidity unlocks. Settlement goes T+0.
India's betting on becoming the global fintech rails. ULI (Unified Lending Interface) is their UPI for credit — consent-based, instant, open.
RBI Governor said it out loud: India wants to shape the future of global finance.
Watch this space. When a $3.7T economy starts tokenizing real assets at scale, the rest of Asia follows.
First deal? $60M Larsen & Toubro bond backed by SBI, Axis Bank, and NSDL. They're testing if DLT can merge security + settlement, automate asset servicing, and cut settlement time to zero.
This isn't just bonds. They're eyeing equities, mutual funds, gold, CPs, and CDs next. RBI is even exploring gold tokenization.
The play: fractional ownership. A $12k bond split into $1.20 units. Retail gets in. Liquidity unlocks. Settlement goes T+0.
India's betting on becoming the global fintech rails. ULI (Unified Lending Interface) is their UPI for credit — consent-based, instant, open.
RBI Governor said it out loud: India wants to shape the future of global finance.
Watch this space. When a $3.7T economy starts tokenizing real assets at scale, the rest of Asia follows.