How Indian Banks Are Using Blockchain While Keeping Crypto at a Distance
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Indian banks are increasingly integrating permissioned blockchain into core banking operations—payments, trade finance and securities settlement—leveraging learnings from the RBI’s Digital Rupee pilot to drive enterprise blockchain adoption and security improvements. At the same time regulators and lenders are keeping public crypto, tokens and DeFi exposure at arm’s length over financial stability and regulatory concerns, limiting CEX/DEX and token adoption despite broader blockchain use.
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Indian banks are increasingly integrating blockchain into core banking operations to speed up payments, trade finance, and securities settlement while the country continues to keep cryptocurrencies at arm’s length. Instead of building around public crypto networks, lenders have largely focused on permissioned blockchain networks developed for regulated financial services.
The shift comes as banks gain practical experience from the RBI’s Digital Rupee pilot and expand the use of distributed ledger technology across more financial services. While blockchain is finding wider acceptance inside the banking system, policymakers continue to take a cautious approach to cryptocurrencies because of concerns over financial stability and regulation.
Banks Separate Blockchain From Cryptocurrency
Indian banks are using blockchain to solve practical business problems instead of expan…
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