India, Singapore take pilot tokenized finance projects live

Homepage > News > Finance > India, Singapore take pilot tokenized finance projects live Tokenization is increasingly moving beyond the pilot stage and into the day-to-day of traditional finance (TradFi), as financial institutions and regulators explore how blockchain and distributed ledger technology (DLT) can make the issuance, settlement, and movement of value faster and more efficient. India unveils ‘Demat 2.0’ bond pilot Global finance embraces tokenization Tokenized deposits gain ground in Singapore Deepening digital finance push Two developments in Asia last week highlight that shift, with India launching a live pilot for tokenized corporate bonds, while Singapore’s three largest domestic banks completed live interbank transactions using tokenized deposits. India’s tokenized bond pilot India’s securities regulator and central bank have launched a tokenized corporate bond pilot, known as “Demat 2.0”, with three companies issuing a combined 10.25 billion rupees (about $108 million) through the new market infrastructure. The Securities and Exchange Board of India (SEBI) announced the pilot on September 9, saying it would allow corporate bonds to be issued and held as di...