
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 Chairman Tuhin Kanta Pandey said the initiative does not create a new asset class or require investors to open a new demat account or complete a fresh KYC process


SEBI plans to align debt disclosure norms with equities and pilot tokenised corporate bonds for enhanced market efficiency.