RBI to pilot tokenisation of certificates of deposit in wholesale CBDC
RBI will launch a pilot to digitise CDs using wholesale CBDC infrastructure for faster settlements.
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
positive
10h agoRBI to pilot tokenisation of certificates of deposit in wholesale CBDC
The Reserve Bank of India plans a pilot to tokenise certificates of deposit (CDs) within its wholesale CBDC architecture, converting traditional paper instruments into digital tokens. Select Indian banks will participate to test faster settlement, traceability, and real-time reconciliation. The initiative is expected to enhance secondary-market liquidity and reduce counterparty risk in money markets, signalling another step in India’s digital financial-infrastructure evolution. (Reuters)
positive
10h agoRBI to pilot tokenisation of certificates of deposit in wholesale CBDC
The Reserve Bank of India plans a pilot to tokenise certificates of deposit (CDs) within its wholesale CBDC architecture, converting traditional paper instruments into digital tokens. Select Indian banks will participate to test faster settlement, traceability, and real-time reconciliation. The initiative is expected to enhance secondary-market liquidity and reduce counterparty risk in money markets, signalling another step in India’s digital financial-infrastructure evolution. (Reuters)
positive
RBI to pilot tokenisation of certificates of deposit in wholesale CBDC
about 11 hours ago
1 min read
63 words
RBI will launch a pilot to digitise CDs using wholesale CBDC infrastructure for faster settlements.
The Reserve Bank of India plans a pilot to tokenise certificates of deposit (CDs) within its wholesale CBDC architecture, converting traditional paper instruments into digital tokens. Select Indian banks will participate to test faster settlement, traceability, and real-time reconciliation. The initiative is expected to enhance secondary-market liquidity and reduce counterparty risk in money markets, signalling another step in India’s digital financial-infrastructure evolution. (Reuters)
The Reserve Bank of India plans a pilot to tokenise certificates of deposit (CDs) within its wholesale CBDC architecture, converting traditional paper instruments into digital tokens. Select Indian banks will participate to test faster settlement, traceability, and real-time reconciliation. The initiative is expected to enhance secondary-market liquidity and reduce counterparty risk in money markets, signalling another step in India’s digital financial-infrastructure evolution. (Reuters)
Tags:
RBI
CBDC
RBI
CBDC
money markets
digital rupee
tokenisation
Source: