RBI to pilot tokenisation of certificates of deposit through CBDC network
RBI is launching a pilot to tokenize certificates of deposit via its CBDC network, enhancing settlement and transparency in debt markets.
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7h agoRBI to pilot tokenisation of certificates of deposit through CBDC network
The Reserve Bank of India will pilot tokenized certificates of deposit (CDs), digitizing traditional short-term debt instruments on its wholesale central bank digital currency (CBDC-W) platform. Select commercial banks will participate in this pilot, aimed at improving market transparency, settlement efficiency, and traceability. The move represents a step toward integrating tokenized assets into India’s financial ecosystem and reflects the RBI’s commitment to modernizing money market infrastructure through blockchain-based systems.
positive
7h agoRBI to pilot tokenisation of certificates of deposit through CBDC network
The Reserve Bank of India will pilot tokenized certificates of deposit (CDs), digitizing traditional short-term debt instruments on its wholesale central bank digital currency (CBDC-W) platform. Select commercial banks will participate in this pilot, aimed at improving market transparency, settlement efficiency, and traceability. The move represents a step toward integrating tokenized assets into India’s financial ecosystem and reflects the RBI’s commitment to modernizing money market infrastructure through blockchain-based systems.
positive
RBI to pilot tokenisation of certificates of deposit through CBDC network
about 7 hours ago
1 min read
69 words
RBI is launching a pilot to tokenize certificates of deposit via its CBDC network, enhancing settlement and transparency in debt markets.
The Reserve Bank of India will pilot tokenized certificates of deposit (CDs), digitizing traditional short-term debt instruments on its wholesale central bank digital currency (CBDC-W) platform. Select commercial banks will participate in this pilot, aimed at improving market transparency, settlement efficiency, and traceability. The move represents a step toward integrating tokenized assets into India’s financial ecosystem and reflects the RBI’s commitment to modernizing money market infrastructure through blockchain-based systems.
The Reserve Bank of India will pilot tokenized certificates of deposit (CDs), digitizing traditional short-term debt instruments on its wholesale central bank digital currency (CBDC-W) platform. Select commercial banks will participate in this pilot, aimed at improving market transparency, settlement efficiency, and traceability. The move represents a step toward integrating tokenized assets into India’s financial ecosystem and reflects the RBI’s commitment to modernizing money market infrastructure through blockchain-based systems.
Companies:
Reserve Bank of India
Tags:
RBI
CBDC
RBI
CBDC
tokenisation
blockchain
money markets
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