Mumbai, May 26 -- Securities and Exchange Board of India (SEBI) Chairman, Tuhin Kanta Pandey on Tuesday said the Securities and Exchange Board of India (SEBI) has decided to launch a pilot project for tokenisation of corporate bonds using Distributed Ledger Technology (DLT), with implementation expected to take around six to nine months.

Speaking to the media on the sidelines of the CareEdge Debt Market Summit in Mumbai, the SEBI Chairman said the market regulator has initiated a pilot stage project to examine whether corporate bonds can be traded and settled through tokenisation-based systems using DLT technologies.

"This is a pilot project that we have decided to initiate on use of the DLT, the digital ledger technology, for tokenizat...