SEBI launches Demat 2.0: Key FAQs on the pilot project for tokenised corporate bonds answered

SEBI’s Demat 2.0 pilot will test tokenised corporate bonds using DLT, with the same investor rights as conventional bonds. Here’s how issuance, settlement and CBDC payments will work, why the pilot matters, and when retail investors could participate.

Sebi has launched Demat 2.0, a pilot for tokenised corporate bonds using distributed ledger technology and wholesale e-rupee settlement. REC, L&T and IIFL have raised Rs 1,025 crore, while future phases will enable trading and retail investor access in India.