India Begins Tokenizing Its $620 Billion Corporate Bond Market
What Decrypt reports, why it matters and what remains unconfirmed.

The story in one view
- Reported by
- Decrypt
- Coverage lens
- Markets and price action
- Published
- Evidence status
- Cross-source reports linked
What Decrypt reports
SEBI and the RBI's "Demat 2.0" pilot issues corporate bonds as digital tokens and settles them with the wholesale digital rupee, with three companies already raising about $107 million.
The immediate significance
The report bears on the path from tokenisation plans to usable financial infrastructure. The practical significance depends on legal status, live issuance and measurable activity rather than the announcement alone.
CoinDesk has also published a related report, providing another attributed account to compare without treating repetition as proof.
What remains unknown
- The extract does not establish final legal status, live issuance or measurable user activity.
- No matched primary document independently supporting the central claim is linked to this page.
How the story developed
Decrypt and CoinDesk are reporting related developments. Reports are shown in publication order; separate coverage is not independent confirmation.
DecryptCurrent briefing India Begins Tokenizing Its $620 Billion Corporate Bond Market
SEBI and the RBI's "Demat 2.0" pilot issues corporate bonds as digital tokens and settles them with the wholesale digital rupee, with three companies already raising about $107 million.
CoinDesk Dogecoin ETFs struggled for buyers while rival XRP and Solana funds pulled in $3 billion
Bitwise's BWOW dogecoin ETF will close after 10 months, adding to weak demand across DOGE funds and raising a harder question for altcoin ETFs: What problem are they actually solving?
CoinDesk Consensus heads to Hong Kong for third year with expanded focus on AI
Consensus Hong Kong will focus on institutional adoption of digital assets and the growing role of artificial intelligence in the future of money.
Related Articles And Podcast
Further reporting and analysis on this story.
The Hacker Who Created 46 Billion Bitcoin From Nothing
Bitcoin has one rule almost everybody knows: there will never be more than 21 million BTC .
Read the notes and play the episode
