RBI to Introduce Pilot for Deposit Tokenisation Using CBDC Layer: Report

The Reserve Bank of India is set to begin a pilot for deposit tokenisation, leveraging the wholesale CBDC as its base. The initiative will test blockchain-based deposits for improved speed, security, and transparency in regulated financial markets. Officials also plan to explore tokenising money market instruments, including commercial papers, as part of the broader push to modernise banking infrastructure while maintaining robust regulatory oversight.