Sebi Launches Corporate Bonds Tokenisation; NPCI Unveils UPI

The Securities and Exchange Board of India (SEBI) has officially introduced a framework for the tokenization of corporate bonds to enhance market transparency and accessibility. By leveraging blockchain technology, this initiative aims to streamline the settlement process and reduce the operational complexities traditionally associated with debt securities. The move is part of a broader effort by Indian regulators to modernize the financial infrastructure and encourage retail participation in the corporate bond market. Simultaneously, the National Payments Corporation of India (NPCI) has unveiled new UPI-based features to facilitate seamless digital transactions, further integrating traditional banking with modern payment rails. These developments represent a significant shift toward digitizing high-value financial instruments within the Indian economy. The integration of tokenization is expected to lower entry barriers for investors while providing issuers with more efficient capital-raising mechanisms. As India continues to digitize its capital markets, these dual initiatives serve as a foundational step toward a more robust and liquid RWA ecosystem.