SEBI Advances Corporate Bond Tokenization Pilot with RBI CBDC Rails
analyticsinsight.net Aug 12, 2026

SEBI Advances Corporate Bond Tokenization Pilot with RBI CBDC Rails

AI-summarised brief · reviewed before publication

India’s securities regulator, SEBI, has confirmed a pilot to test tokenized corporate bonds on distributed ledger technology, with settlement through the Reserve Bank of India’s wholesale central bank digital currency (CBDC) rails. The pilot, outlined in SEBI’s annual report, expands beyond tokenized issuance to include faster settlement, automated servicing, smart‑contract functions, and direct links to RBI infrastructure. SEBI plans to evaluate the impact on a corporate bond market worth about Rs. 59 lakh crore, where secondary trading remains limited. The test could run for six to nine months, potentially launching between late 2026 and early 2027.

💡 Why It Matters

  • · By integrating tokenization with RBI’s CBDC, the pilot could streamline corporate bond settlement, reduce costs, and enhance transparency, potentially reshaping how investors engage with debt instruments in India.