• Demat 2.0 architecture: Developed under SEBI's sandbox alongside the RBI, the platform integrates digital securities wallets and CBDC wallets on a blockchain to enable instantaneous, atomic trade settlements.
• Initial bond issuances: Phase 1 focuses on primary market bond tokens, with initial issuances completed by REC, L&T, and IIFL totaling a little over 1,000 crore.
• Automated coupon servicing: Asset servicing is facilitated through smart contracts, enabling pre-programmed, automated coupon disbursements directly into investors' digital currency wallets.
• Phased market rollout: Secondary bond market trading will be introduced in the next phase, with potential retail expansion via bond granularization subject to evolving regulatory frameworks.