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first_img India's SEBI tokenized bond pilot fundraising exceeds 100 million USD

The Securities and Exchange Board of India (SEBI) announced on Thursday that three issuers raised a total of 102.5 million rupees (approximately 10.72 million USD) through its Demat 2 pilot program by issuing tokenized corporate bonds. This pilot utilizes distributed ledger technology to issue, hold, and settle corporate bonds.REC Ltd. was the first to issue on September 7, raising 50 million rupees (approximately 5.23 million USD) from 18 investors; L&T Ltd. raised a similar amount from 4 investors on September 9, and IIFL raised 25 million rupees (approximately 2.6 million USD) from 1 investor on the same day. SEBI stated that the pilot infrastructure records corporate bonds in the form of native digital tokens on a distributed ledger owned by the depository and achieves atomic settlement of bonds and funds through a unified market interface connected to the Reserve Bank of India’s wholesale central bank digital currency.This mechanism can reduce settlement risks arising from the separation of securities and funds transfer, allowing issuers to receive funds on the same day as the bidding, whereas the existing process typically takes two to three days. The regulator noted that the information of bondholders on the shared ledger is instantly visible to all authorized entities, and at maturity, e₹ payments will go directly into the bondholders' central bank digital currency wallets. SEBI clarified that this pilot does not create a new category of corporate bonds; tokenized bonds retain the same ISIN, issuer obligations, coupon, maturity, covenants, ratings, and investor rights as traditional paperless bonds. The pilot will be implemented in three phases, with the first phase covering institutional issuance, while secondary trading and retail access will be conducted in subsequent phases within SEBI's regulatory sandbox.

Gate Launchpool's three major activities are running simultaneously, and the MarsCat (MCAT) prize pool exceeds one million dollars

According to official news, the Gate Launchpool Phase 375 MarsCat (MCAT) event is currently underway and will last until September 24 at 20:00 (UTC+8). Users can stake USDT, GT, or MCAT to share 2,000,000 MCAT tokens for free, with the current prize pool exceeding one million dollars. Among them, the total amount of USDT staked has reached 83,708,714.6 USDT, with an estimated annualized return rate of 13.69%; the estimated annualized return rate for the GT staking pool is 174.53%; and the estimated annualized return rate for the MCAT staking pool is 7522.57%.In addition, the Gate Launchpool CP and ALIGN events are simultaneously ongoing, with three major Launchpool activities running in parallel, providing users with diverse staking options. In the Gate Launchpool CP event, the total amount of ETH staked has reached 15,974.39 ETH, with an estimated annualized return rate of 3.15%; the estimated annualized return rate for the BTC staking pool is 1.41%; and the estimated annualized return rate for the CP staking pool is 61.65%. In the Gate Launchpool ALIGN event, the total amount of USDT staked has reached 137,165,777.41 USDT, with an estimated annualized return rate of 4.76%; the estimated annualized return rate for the GT staking pool is 0.96%; and the estimated annualized return rate for the ALIGN staking pool is 116.85%.
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