RBI explores tokenised assets as next-gen financial infrastructure

The Reserve Bank of India is examining tokenised forms of money as part of a broader effort to modernise financial infrastructure. The initiative, outlined in a recent *YourStory* report, positions tokenisation as a potential evolution in how digital transactions and asset settlements could work in the future.

This move aligns with India’s long-term focus on building resilient financial systems. When we covered Razorpay’s infrastructure resilience playbook last month, its engineering head highlighted the challenges of relying on external digital payment frameworks. The RBI’s exploration of tokenised assets could introduce new ways to address some of those gaps, though the practical implementation and adoption remain uncertain.

For startups, the shift presents both opportunities and risks. Tokenised assets could enable new business models in areas like asset ownership or settlement processes, but the infrastructure to support them at scale is still unproven. Amazon India’s widening losses in FY26, as reported by Inc42, suggest that even established players are grappling with the costs of adapting to India’s evolving digital ecosystem.

The RBI’s approach also raises questions about how these new systems will interact with existing financial frameworks. While past innovations have thrived on openness, tokenised systems may require closer alignment with banking and regulatory structures. How startups respond—whether by building on the new infrastructure or preparing for its limitations—will influence the next phase of fintech growth in India.

Sources: yourstory.com