Markets · Tokenisation · Thursday, 10 September 2026 · 2 min read · Token+ Intel desk
SEBI launches a Demat 2.0 pilot for tokenised corporate bonds
India's markets regulator announces a pilot for tokenised corporate bonds; press reports describe atomic settlement using the RBI's CBDC.
Key points
- SEBI announced the launch of a Demat 2.0 pilot for tokenised corporate bonds.
- Fortune India reports instant atomic settlement via the RBI's CBDC.
SEBI has published a notice on the successful launch of its Demat 2.0 pilot for tokenised corporate bonds. Fortune India reported that the pilot uses instant atomic settlement through the Reserve Bank of India's CBDC.
India already has one of the world's largest dematerialised securities systems, so this is an upgrade path rather than a new market.
The Democratize view
India is quietly building one of the most complete public-sector tokenisation stacks, with the regulator, depositories and central bank money in the same pilot.
Opinion of the Democratize editorial team.
What to watch: Whether the pilot extends beyond corporate bonds.
Sources
- SEBI · Successful launch of Demat 2.0 Pilot project for Tokenised Corporate Bonds Regulator
- Fortune India · Sebi Launches Demat 2.0 Pilot for Tokenised Corporate Bonds with Instant Atomic Settlement via RBI CBDC · Thursday, 10 September 2026 Financial publication
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Claudia Harken
Head of Marketing and Communications
Claudia Harken leads marketing and communications at Democratize.