Reserve Bank of India (RBI) Governor Sanjay Malhotra and Securities And Exchange Board of India Chief Tuhin Kanta Pandey launch India's First Tokenised Corporate Bond Pilot at Global Fintech Fest 2026.
Tokenised securities and asset settlements will use CBDCs (Central Bank Digital Currency) and blockchain technology. After bonds, tokenisation can be extended to equity, mutual fund units and electronic gold receipts.
Malhotra stated that the Global Fintech Fest has developed beyond a industry conference to where all stakeholders exchange ideas which shape the future of finance
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"Today we have 57 crore PM-Jan Dhan Yojana account, 25 crore micro insurance policies, nine crore people are covered under Atal Pension Scheme with 80 crore UPI transactions being seen today," Malhotra said.
The most remarkable aspect of this transformation not scale of these numbers but digital finance becoming part of everyday life, he said.
(This is a developing story.)
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