#SEBI

23 articles tagged #SEBI — curated RWA tokenization coverage.

#India #Demat2.0 #CBDC #CorporateBonds #TokenizedBonds #DLT #Tokenization #RBI #REC #BondTokenization

Sebi's Demat 2.0 to debut next week with REC's tokenised bond pilot

The Securities and Exchange Board of India (SEBI) is preparing to launch its Demat 2.0 initiative next week, marking a significant shift in the country's financial market infrastructure. This debut will feature a pilot program involving REC Limited, which is set to issue India's first tokenised bond. The transaction will utilize the Reserve Bank of India's Central Bank Digital Currency (CBDC) for settlement, aiming to streamline the issuance and trading process. By integrating blockchain-based tokenisation with digital currency, the initiative seeks to reduce settlement cycles and enhance transparency in debt markets. This move represents a major regulatory endorsement of distributed ledger technology within the Indian capital markets. The successful execution of this pilot could pave the way for broader adoption of tokenised securities across the nation. Such developments are critical for the RWA market as they demonstrate how sovereign regulators and state-owned enterprises are actively modernizing traditional financial instruments through blockchain integration.

#TokenisedBonds #CBDC #India

business-standard.com·Sep 3, 20268.5

Non-U.S. Govt. Debt

SEBI, RBI Launch Corporate Bond Tokenization Pilot to Boost Market Efficiency

The Securities and Exchange Board of India (SEBI) and the Reserve Bank of India (RBI) have launched a pilot program to test corporate bond tokenization using shared-ledger technology. This initiative seeks to modernize India's ₹60 trillion corporate bond market by automating coupon payments via smart contracts and accelerating settlement times. By shifting from traditional, manual settlement processes to a digital ledger, regulators aim to resolve systemic inefficiencies and low liquidity. Currently, trading activity is concentrated in only a few hundred instruments despite thousands of outstanding bonds. The pilot also targets the corporate bond repo market, which currently sees daily volumes of approximately ₹6,000 crore. While the project does not create a new trading platform, it focuses on upgrading the underlying infrastructure to improve market accessibility. This development is significant as it represents a major regulatory effort to integrate blockchain-based efficiencies into a massive, traditional financial ecosystem. Success in this pilot could provide a blueprint for large-scale institutional adoption of tokenized debt instruments.

#Tokenization #CorporateBonds #RBI

whalesbook.com·Aug 21, 20268.5

Non-U.S. Govt. Debt

India's SEBI Confirms Its Corporate Bond Tokenization Pilot Is Actually Moving

The Securities and Exchange Board of India (SEBI) has confirmed in its annual report that a pilot program to tokenize India's ₹59 lakh crore corporate bond market is actively proceeding. This initiative aims to leverage distributed ledger technology to enhance settlement speeds, introduce smart-contract-based programmability, and integrate directly with the Reserve Bank of India's wholesale central bank digital currency (CBDC). By building upon existing blockchain-based monitoring systems already utilized by depositories NSDL and CDSL, SEBI intends to automate debt servicing and settlement processes. The project seeks to address the structural thinness of the secondary bond market, where institutional investors typically hold assets to maturity. SEBI chairman Tuhin Kanta Pandey has framed the pilot as an exploratory efficiency test, with a projected implementation timeline of six to nine months. This development is significant because it advances within established securities regulations, effectively bypassing the ongoing legislative uncertainty surrounding broader cryptocurrency policy in India. By focusing on institutional infrastructure rather than retail crypto, the initiative positions India as a serious participant in the global movement toward tokenized government and corporate debt.

#CorporateBonds #DLT #CBDC

blockhead.co·Aug 11, 20268.5

U.S. Treasuries

India’s SEBI plans tokenization, DLT pilots for corporate bonds

The Securities and Exchange Board of India (SEBI) has officially confirmed plans to launch a pilot program for tokenizing corporate bonds using distributed ledger technology. As outlined in its annual report, the regulator aims to leverage blockchain to achieve faster settlement, improved operational efficiencies, and enhanced programmability via smart contracts. The initiative also seeks to explore integration with India's central bank digital currency (CBDC) for settlement mechanisms. SEBI Chairman Tuhin Kanta Pandey indicated that the trial will operate on a limited scale over a six to nine-month period. This move is intended to address fragmentation within the Indian corporate bond market, which has historically lagged behind sovereign and financial institution issuances in the digital space. While global precedents like Siemens' €360 million issuance and POSCO International's $100 million bond demonstrate the potential for corporate blockchain adoption, India's pilot will build upon existing infrastructure like the CBDC and Asset Tokenisation (CAT) Sandbox. By testing these technologies, SEBI aims to modernize debt market infrastructure and align with broader digital financial trends.

#CorporateBonds #DLT #CBDC

ledgerinsights.com·Aug 7, 20267.5

Real Estate

How SEBI’s SM REIT Framework Validates India’s On-Chain RWA Revolution

The Securities and Exchange Board of India (SEBI) introduced the Small and Medium Real Estate Investment Trust (SM REIT) framework in 2024, establishing a regulatory foundation that mirrors the operational requirements of smart contracts. By lowering asset value thresholds to ₹50 crore and mandating 100% cash flow distribution to unitholders, the framework creates a structured environment for fractional ownership. Although SEBI does not currently permit on-chain property title transfers, the existing requirements for KYC, segregated accounting, and automated payouts align with the logic of permissioned security tokens like ERC-3643. SEBI has already begun testing this integration through sandbox pilots, including a 2025 tokenized fractional-share offering for Reliance Industries. This regulatory evolution suggests that India is building the necessary compliance infrastructure to eventually transition from manual, paper-based processes to automated, blockchain-based real estate management. The model draws parallels to Dubai’s PRYPCO Mint, which integrates blockchain ledgers with government title registries to facilitate compliant fractional property investment. Ultimately, the SM REIT framework serves as a blueprint for digitizing Indian real estate, where compliance logic is embedded directly into the asset's code.

#Tokenization #ERC-3643 #RealEstate

coinedition.com·Aug 3, 20267.5