Demat 2.0 tokenises corporate bonds; Rs 1,025Cr pilot with REC, L&T, IIFL Finance

India's Demat 2.0 pilot tokenised three corporate bond issuances worth a combined Rs 1,025 crore—REC and L&T each raised Rs 500 crore, IIFL Finance Rs 25 crore—testing settlement and servicing reshaping. Web3 founders should study the pilot's scope: institutional-only access signals that tokenisation playbooks will move through regulated asset classes before retail adoption. Build infrastructure for compliance-first tokenisation, not frictionless trading.

Source: ET BFSI ↗