Tuhin Kanta Pandey, Chairman of the Securities and Alternate Board of India (SEBI)
| Photograph Credit score:
FRANCIS MASCARENHAS
Metropolitan Inventory Alternate of India (MSE) has facilitated its first tokenised company bond issuance underneath the Securities and Alternate Board of India’s (SEBI) Demat 2.0 pilot, a regulatory sandbox initiative aimed toward modernising India’s debt market infrastructure.
The bond was issued by IIFL Finance Ltd by MSE’s Digital Bond Platform (MSE EBP), with Belief Funding Advisors Pvt Ltd serving because the arranger. The issuance marks the alternate’s first occasion of a company bond being issued natively on a distributed ledger in India, with possession data held with statutory depositories and settlement carried out in Central Financial institution Digital Forex (CBDC).
The pilot was launched at International Fintech Fest 2026 in Mumbai on September 11 by SEBI Chairman Tuhin Kanta Pandey and Reserve Financial institution of India Governor Sanjay Malhotra, alongside key stakeholders from market infrastructure intermediaries, monetary markets, and the fintech ecosystem.
The initiative operates inside current regulated market infrastructure and is designed to ship sooner settlement, higher transparency, and wider market entry in India’s company bond section, areas the place the debt market has traditionally confronted structural friction.
MSE Managing Director and CEO Latika S Kundu described the pilot as an necessary step in shaping India’s debt markets, noting that tokenisation combines know-how with established market infrastructure to enhance effectivity and safety in capital formation.
The Demat 2.0 framework indicators a broader regulatory push to deliver blockchain-based devices into India’s mainstream monetary markets underneath supervised situations.
Revealed on September 11, 2026
