SEBI Plans Tokenized Corporate Bond Pilot Using Blockchain In 6-9 Months | Weekly Wrap | 3.0 TV

Añadido: 2026-05-30

[00:00:00]Hello and welcome to Three Dot O'TV. I am Vishakha Thakur.

[00:00:03]>> [music] >> And I am Ruchi Sharma.

[00:00:04]>> A lot happened in the world of digital assets this week and we are breaking it all down for you. So, let's get started.

[00:00:10]>> So, India's capital markets regulator Securities and Exchange Board of India is moving deeper into blockchain and web three infrastructure [music] with plans to launch a pilot project for tokenization of corporate bonds using [music] distributed ledger technology.

[00:00:25]>> Well, SEBI chairman Tuhin Kanta Pandey said the rollout could take six to nine [music] months and will initially be tested on a limited scale.

[00:00:33]>> The pilot aims to improve liquidity, enable near instant settlements, enhance transparency, [music] automate servicing, and boost traceability in India's corporate debt market.

[00:00:44]>> The initiative comes as India's corporate [music] debt fundraising nears 9 lakh crore with SEBI also exploring bond ETFs, debt derivatives, and relaxed disclosure norms for [music] debt-listed firms to deepen the bond ecosystem.

[00:00:58]>> Well, tokenization would convert traditional corporate bonds into blockchain-based [music] digital tokens, allowing faster and cheaper trading infrastructure.

[00:01:07]>> And SEBI is also evaluating cybersecurity and future quantum technology risks before broader adoption.

[00:01:14]>> [music] >> Simultaneously, Indian crypto platform CoinSwitch has released its sixth proof of reserve report. This disclosure comes at a time when transparency has become one of the biggest concerns in the crypto industry following the collapse of several global exchanges over the past few years. [music] >> According to the report, CoinSwitch held total reserves were 2,360.33 [music] crore as of March 31st, 2026 compared to customer holdings of around 1,747.25 crore. [music] >> Well, this leaves the platform with a reserve surplus of 613.08 crore rupees.

[00:01:48]The company said its crypto reserves stood at 2,140.58 crore rupees against customer crypto holdings of 1,673.41 crore rupees >> [music] >> while INR reserves total 219.75 crore rupees against liabilities of 73.83 [music] crore rupees.

[00:02:07]>> In another important news, US Treasury Secretary Scott Bessent has intensified pressure on Congress to pass the Clarity Act calling [music] it critical for bringing crypto innovation back to the United States and also establishing clear digital asset regulations.

[00:02:22]>> Well, Bessent urged both the Senate and House to move quickly on the legislation arguing that regulatory uncertainty is driving capital and blockchain innovation offshore.

[00:02:32]>> [music] >> At a White House briefing, Bessent also reaffirmed the Trump administration's support [music] for stablecoin regulation while formally rejecting the idea of a US Central Bank Digital Currency.

[00:02:43]>> [music] >> He stated that privately issued dollar-backed stablecoins are a better path for preserving US dollar dominance globally without expanding government surveillance over financial activity.

[00:02:55]>> [music] >> Meanwhile, Bitmain Emotion Technologies has significantly expanded its Ethereum holdings after purchasing nearly 112,000 Ethereum worth around $237 million during the recent price [music] dip.

[00:03:09]>> The company chaired by Tom Lee said it viewed Ethereum fall below $2,200 as a major buying opportunity.

[00:03:17]>> And the latest acquisition pushed Bitmain's total Ethereum reserves [music] to approximately 5.39 million Ethereum equal to nearly 4.5% [music] of Ethereum circulating supply.

[00:03:28]>> The firm continues to pursue its [music] ambitious goal of eventually controlling 5% of all Ethereum in circulation [music] sometime next year.

[00:03:36]>> At the same time, Michael Saylor led strategy has taken a rare pause from buying Bitcoin and instead focused on [music] reducing debt.

[00:03:44]>> Well, the company announced that it repurchased $1.5 billion worth of its 0% convertible senior notes due in 2029 [music] for around 1.38 billion dollars, allowing it to retire debt at an 8% discount. [music] And the company says the transaction will be funded through existing cash reserves, stock sales, [music] and potentially Bitcoin sales.

[00:04:06]Executive Chairman Michael Saylor said, "This week we bought bonds, [music] not Bitcoin. The bit wag is charging."

[00:04:12]Recently, Strategy acquired 24,869 Bitcoin worth 2.01 [music] billion dollars through STRC preferred shares and MSTR stock sales, [music] bringing its total holdings to 843,738 Bitcoin [music] worth around 65.25 billion dollars.

[00:04:29]>> Well, analysts say that the debt buyback could reduce stock dilution [music] risk and strengthen Strategy's balance sheet ahead of future Bitcoin accumulation.

[00:04:39]Furthermore, Strive has added another 1,109 Bitcoin to its corporate treasury, [music] continuing the growing trend of public companies increasing exposure to digital assets.

[00:04:50]>> The purchase was made at an average price of [music] roughly $76,989 per Bitcoin during the four days ending >> [music] >> May 22nd. With the latest acquisition, Strive's total Bitcoin holdings have climbed to 16,500 Bitcoin, [music] making it the seventh largest publicly traded company holding Bitcoin.

[00:05:08]>> The company also reported a rise in cash and cash equivalents, which increased to more than 93 million dollars.

[00:05:15]Separately, the total market value of stablecoins has climbed to a record 32 billion dollars, making the sector larger than the foreign exchange [music] reserves held by 95 countries around the world.

[00:05:27]>> According to industry data, the combined stablecoin market now exceeds the official reserves of countries including Poland, [music] Thailand, Mexico, Canada, the United Kingdom, and the United Arab Emirates.

[00:05:39]>> [music] >> A recent report from the Bank of International Settlements noted that stablecoin usage has grown sharply in regions dealing with inflation, >> [music] >> currency instability, or inefficient banking infrastructure.

[00:05:52]>> Stable coins are blockchain-based digital assets usually pegged to fiat [music] currency such as the US dollar or euro.

[00:05:59]>> Well, that's all in this episode of the weekly wrap. This is me, Vishakha Thacker, signing off.

[00:06:03]>> And this is me, Utkarsh Sharma, signing off. Keep [music] watching 3 Dot TV and have a great weekend.