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    Question

    Which concept was central to the RBI’s new pilot

    project on digital settlements launched on October 8, 2025? 
    A Central Bank Digital Currency (CBDC) retail expansion Correct Answer Incorrect Answer
    B Deposit Tokenisation Correct Answer Incorrect Answer
    C Virtual Asset Lending Correct Answer Incorrect Answer
    D Blockchain-based Remittances Correct Answer Incorrect Answer
    E Cross-border Payment Tokenisation Correct Answer Incorrect Answer

    Solution

    The RBI launched a pilot project on deposit tokenisation, transforming traditional bank deposits into digital tokens for instant and secure settlement. Built on the wholesale CBDC framework, it aims to make interbank transfers faster and safer, while future phases may include tokenised money market instruments. It marks India’s next step toward digitised financial assets . 

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