SEBI and RBI Introduce Demat 2.0 at GFF 2026, Emphasizing CBDC and Blockchain

SEBI and RBI Launch Demat 2.0 Pilot Program

The Securities and Exchange Board of India (SEBI) and the Reserve Bank of India (RBI) unveiled a new initiative, Demat 2.0, aimed at enhancing the efficiency of corporate bond trading through tokenisation. This launch occurred during the Global Fintech Festival 2026 and focuses on utilizing blockchain technology and Central Bank Digital Currency (CBDC) systems to improve transaction processes.

The pilot program for Demat 2.0 will initially focus on corporate bonds, enabling tradable and secure digital representations of these securities. This new framework is expected to streamline the trading process, reduce settlement risks, and foster greater investment in the corporate bond market.

The initiative capitalizes on advances in fintech and is part of broader efforts to modernize Indias financial infrastructure. Both SEBI and RBI officials have expressed optimism that Demat 2.0 will enhance market accessibility and operational effectiveness, benefitting investors and issuers alike.

Additionally, Larsen & Toubro (L&T) has recently made headlines by becoming the first private corporate entity in India to issue tokenised bonds, marking a significant milestone in the country’s bond market landscape.

Further developments include the introduction of UPIs new features, Tap & Pay and MyUPI by the National Payments Corporation of India (NPCI), which aim to improve payment systems in conjunction with the advancements in the bond market facilitated by Demat 2.0.

Investments in tokenised assets and corporate bonds are expected to increase as these technological solutions pave the way for a more robust digital financial ecosystem in India.