Within the first quarter of next year, India’s securities authority intends to rely heavily on distributed ledger technology for the monitoring and recording of financial instruments. India’s securities watchdog plans to incline heavily on distributed ledger technology for the monitoring and recording of financial instruments, and recording of financial instruments during the start of next year. The securities and Exchange Board of India (SEBI) declared on Wednesday its plan to launch a system for “security and covenant monitoring” for non-convertible debentures (NCDs) by April 1, 2022. It states an important move for the use case of Blockchain within India’s financial ecosystem and backs other important institutions in grip with the technology for increased systems efficiency. NCDs are known as financial instruments that understand a debt obligation is a long-term instrument with a feature that lets it to be cashed in for shares at a later date with keeping the circumspectio

Czytaj więcej

Źródło: https://tokeneo.com/indian-securities-watchdog-to-introduce-system-for-handling-financial-instruments-indian-securities-watchdog-to-introduce-system-for-handling-financial-instruments/