RBI Launches Pilot Program for Tokenized Bank Deposits
The Reserve Bank of India is pioneering a tokenized deposits pilot, set to commence on October 8, 2025. Leveraging the wholesale segment of India’s central bank digital currency (CBDC), the initiative aims to transform traditional bank deposits into digital tokens on a secure ledger.
Tokenization promises faster settlement, enhanced security, and operational efficiency—key advancements for India’s financial infrastructure. Selected banks will participate in the limited rollout, with broader adoption contingent on pilot results.
The move signals accelerating institutional embrace of blockchain-based solutions, though direct cryptocurrency implications remain muted. Market observers note potential long-term convergence between CBDCs and decentralized finance protocols.
