BRIANBrian Fiyat

On August 25, Reuters reported that India plans to issue its first tokenized bond in September, to be issued by the state-owned Power Finance Corporation REC, with an estimated size of less than 5 billion rupees (approximately $57 million). Indian market regulators and the central bank are jointly promoting the related pilot project, with bond issuance and settlement utilizing blockchain technology. Sources indicate that the product is expected to be launched during the annual fintech conference in Mumbai in September, initially targeting a limited number of investors. Investors will participate through wholesale central bank digital currency (CBDC) wallets and electronic securities wallets. The Indian depository institution is developing an electronic wallet named DEMT 2.0 to record bond holdings via a distributed ledger. The bond will have an initial term of three months, and subsequent trading will be limited to participants holding compatible CBDC and securities wallets. A secondary market for the tokenized bonds is expected to form by December, and they will not be traded on traditional electronic trading platforms.

On August 25, Reuters reported that India plans to issue its first tokenized bond in September, to be issued by the state-owned Power Finance Corporation REC, with an expected size of less than 5 billion rupees (approximately $57 million). Indian market regulators and the central bank are jointly promoting related pilot projects, with the bond issuance and settlement utilizing blockchain technology. Sources indicate that the product is expected to launch during the annual fintech conference in Mumbai in September, initially targeting a limited number of investors. Investors will participate through wholesale central bank digital currency (CBDC) wallets and electronic securities wallets. The Indian depository institution is developing an electronic wallet named DEMT 2.0 to record bond holdings via a distributed ledger. The bond will have an initial term of three months, and subsequent trading will be limited to participants holding both compatible CBDC and securities wallets. A secondary market for the tokenized bond is expected to form by December, and it will not be traded on traditional electronic trading platforms.

On August 25, according to SoSoValue data, the total net inflow for Bitcoin spot ETFs yesterday (Eastern Time, August 24) was $338 million. The Bitcoin spot ETF with the highest single-day net inflow was Blackrock's ETF IBIT, which saw an inflow of $209 million, bringing its historical total net inflow to $62.636 billion. Following that was Fidelity's ETF FBTC, with a single-day net inflow of $105 million, and its historical total net inflow now stands at $10.280 billion. As of the time of this report, the total net asset value of Bitcoin spot ETFs is $98.558 billion, with an ETF net asset ratio (market cap relative to total Bitcoin market cap) of 6.22%, and the historical cumulative net inflow has reached $54.044 billion.