SEBI Considering Working Group for Blockchain-Based Bond Tokenisation Framework
मुख्य बातें
- •SEBI is exploring the formation of a working group to develop a blockchain-based bond tokenisation framework.
- •A pilot program for the tokenisation of corporate bonds is already underway, focusing on regulatory oversight and cybersecurity.
- •Tokenisation could enhance efficiency, transparency, and liquidity in bond markets but poses regulatory and security challenges.
- •The working group will include industry experts, technology providers, and regulators to address key concerns and propose a framework.
The Securities and Exchange Board of India (SEBI) is considering the formation of a dedicated working group to explore the development of a blockchain-based framework for the tokenisation of bonds. This move comes as the market regulator continues to assess the potential benefits and risks associated with digital asset tokenisation in the fixed-income market.
Speaking on the matter, SEBI Chairman Madhabi Puri Buch recently highlighted that the regulator is already conducting a pilot program focused on the tokenisation of corporate bonds. During this pilot, SEBI has been closely examining critical aspects such as regulatory oversight mechanisms, cybersecurity safeguards, and the robustness of investor protection frameworks. The pilot phase is designed to test the feasibility of blockchain technology in enhancing the efficiency, transparency, and accessibility of bond markets while mitigating potential risks.
