MSE facilitates India’s first tokenised corporate bond under SEBI’s Demat 2.0 pilot
Bond issued by IIFL Finance Ltd through MSE’s Electronic Bond Platform, with Trust Investment Advisors Pvt Ltd serving as arranger
Metropolitan Stock Exchange of India (MSE) has successfully facilitated India's first tokenised corporate bond issuance under SEBI's Demat 2.0 pilot, a regulatory sandbox initiative aimed at modernising India's debt market infrastructure. The bond was issued by IIFL Finance Ltd through MSE's Electronic Bond Platform (MSE EBP), with Trust Investment Advisors Pvt Ltd serving as the arranger.
The issuance marks the first instance of a corporate bond being issued natively on a distributed ledger in India, with ownership records held with statutory depositories and settlement conducted in Central Bank Digital Currency (CBDC).
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