During a press conference, the Chair of the Securities and Exchange Board of India (SEBI), Madhabi Puri Buch, said instant settlement and tokenization are necessary to compete with crypto. India already offers one day settlement (T+1), with optional same day settlement launching later this month.
The SEBI Chair said some capital markets participants questioned the need for instant settlement.
“Our logic is that we have an extremely well regulated, risk mitigated market,” said Madhabi Puri Buch. “If our well regulated market cannot compete with the crypto world and cannot say we also offer you tokenization and instantaneous settlement, over the medium term – I won’t even say long term – you should expect investors to move where they allow (this). The whole generation is about instant everything.”
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