What is SEBI’s newly launched Demat 2.0?

Demat 2.0 is SEBI's pilot to use blockchain-like distributed ledger technology (DLT) for issuing, holding, trading and settling corporate bonds as digital tokens. The bonds will remain the same financial product, with the same ISIN, coupon, maturity and investor rights. SEBI said, "What changes is only the technology," while the bond's legal and regulatory status remains unchanged.