India’s central securities repository, the National Securities Depository or NSDL (based in Mumbai), has launched a new blockchain-based security platform and covenant monitoring system.

Official NSDL launchedOn Saturday, May 7, the platform’s distributed ledger tech (DLT), was unveiled alongside the Securities and Exchange Board of India. The platform is expected to strengthen the monitoring of security and governance in the corporate bonds market to bring “further discipline and transparency to the market.”