TNPSC Thervupettagam

Unified Markets Interface

October 16 , 2025 17 hrs 0 min 9 0
  • The Reserve Bank of India (RBI) introduced the Unified Markets Interface (UMI) for tokenizing financial assets.
  • The UMI uses wholesale Central Bank Digital Currency (CBDC) and blockchain technology for asset tokenization.
  • Tokenization allows fractional ownership and global trading of real-world assets through digital tokens.
  • RBI also launched AI-based UPI HELP, IoT Payments with UPI, Banking Connect, and UPI Reserve Pay to improve digital payments.

 

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