Prateek Gupta

As digital payments become routine for millions, the industry's credibility rests less on speed and more on how well it protects the people using it.

India has successfully completed its first tokenised bond issuances, marking a major step for Demat 2.0. While the pilot proves tokenised bonds can operate within the existing financial system, the next challenge is whether the technology can improve liquidity, trading and broader participation in the debt market.