8 million Demat accounts later, Nepal’s stock market is still missing the tools of a modern market

The surge in public participation has not yet been matched by a more mature market, wider instrument options, or stronger institutional foundations.

Nepal’s stock market has achieved a notable user milestone, with the total number of beneficiary accounts nearing eight million. Yet behind this rapid surge in public participation lies a capital market struggling with fundamental structural limitations, reliance on a single trading instrument, and regulatory frameworks that have failed to keep pace with digital expansion.