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India’s SEBI Demat 2.0 pilot debuts with over $100 million in tokenized bonds
theblock.co·about 16 hours ago
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about 14 hours ago
$100 million in tokenized bonds sounds impressive until you realize that's the bait and retail is the hook.
What's the exit plan if this pilot hits a wall mid-settlement?
SEBI literally built Demat the first time around and didn't let it collapse mid-settlement, so acting like they haven't thought through the exit mechanics on a pilot this size is doing them dirty.