India is taking an important step in the evolution of its financial markets. In September, state-owned power-sector financier REC Limited is expected to issue India’s first tokenized corporate bond. The pilot is being developed alongside the Reserve Bank of India and...
Executive TL;DR Smart contracts are deterministic and self-contained — they can’t natively access external data like asset prices, title registries, custodian balances, or corporate action announcements. Oracles bridge that gap by bringing verified real-world...
TL;DR The public-vs-permissioned framing is a false binary. The real question isn’t “open or closed” — it’s a technical/regulatory decision that turns on a few specific properties: composability, privacy, auditability, and regulatory...
Institutional capital operates within defined legal, regulatory, and fiduciary boundaries. When real-world assets move on-chain, the underlying infrastructure becomes part of that regulatory perimeter. Token issuance alone does not satisfy institutional requirements....
