SEBI tokenisation of corporate bonds
SEBI has announced the launch of a framework to tokenise corporate bonds, enabling issuance, trading and settlement of these securities in digital token form on approved platforms. The move signals a shift toward tokenised debt assets within India’s capital markets and aims to enhance transparency and post-trade efficiency while preserving regulatory oversight.
NPCI unveils new UPI capabilities
The National Payments Corporation of India (NPCI) has unveiled new capabilities for the Unified Payments Interface (UPI). The changes are designed to expand the use cases and interoperability of UPI, improving experiences for consumers and merchants and strengthening the security and resilience of India’s payments rail.
Demat 2.0 linked to RBI wholesale CBDC via UMI
Demat 2.0, the upgraded demat platform for securities, is connected to the Reserve Bank of India’s wholesale central bank digital currency (CBDC) through the Unified Market Interface (UMI). This linkage places tokenised securities and eligible trades within the RBI’s CBDC settlement framework and aligns with the central bank’s digital currency initiatives for wholesale settlements. Market participants should monitor developments as the integration may influence settlement mechanics, liquidity management, and regulatory reporting for tokenised assets.
