October 16 , 2025
17 hrs 0 min
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- 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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