RBI to pilot tokenisation of certificates of deposit, official says
RBI plans CD tokenisation pilot to modernise money markets.
Live Market Updates
Latest Financial News
Stay ahead with real-time financial news, market insights, and expert analysis from trusted sources worldwide
News Feed
1 articles
Live Market Updates
Latest Financial News
Stay ahead with real-time financial news, market insights, and expert analysis from trusted sources worldwide
neutral
8h agoRBI to pilot tokenisation of certificates of deposit, official says
The Reserve Bank of India (RBI) announced it will launch a pilot program for tokenising certificates of deposit (CDs) using the wholesale segment of its central bank digital currency (CBDC). Under the pilot, select banks will issue digital versions of CDs in blockchain-based form, aiming to enhance settlement efficiency, reduce friction, and strengthen regulatory oversight. Future phases may include other money market instruments like commercial papers.
neutral
8h agoRBI to pilot tokenisation of certificates of deposit, official says
The Reserve Bank of India (RBI) announced it will launch a pilot program for tokenising certificates of deposit (CDs) using the wholesale segment of its central bank digital currency (CBDC). Under the pilot, select banks will issue digital versions of CDs in blockchain-based form, aiming to enhance settlement efficiency, reduce friction, and strengthen regulatory oversight. Future phases may include other money market instruments like commercial papers.
neutral
RBI to pilot tokenisation of certificates of deposit, official says
about 8 hours ago
1 min read
66 words
RBI plans CD tokenisation pilot to modernise money markets.
The Reserve Bank of India (RBI) announced it will launch a pilot program for tokenising certificates of deposit (CDs) using the wholesale segment of its central bank digital currency (CBDC). Under the pilot, select banks will issue digital versions of CDs in blockchain-based form, aiming to enhance settlement efficiency, reduce friction, and strengthen regulatory oversight. Future phases may include other money market instruments like commercial papers.
The Reserve Bank of India (RBI) announced it will launch a pilot program for tokenising certificates of deposit (CDs) using the wholesale segment of its central bank digital currency (CBDC). Under the pilot, select banks will issue digital versions of CDs in blockchain-based form, aiming to enhance settlement efficiency, reduce friction, and strengthen regulatory oversight. Future phases may include other money market instruments like commercial papers.
Tags:
RBI
tokenisation
RBI
tokenisation
CBDC
money markets
India
Source: