In a step towards asset tokenisation, Reserve Bank of India (RBI) has developed a Unified Markets Interface (UMI) which is envisioned as new next generation financial market infrastructure, its Governor Sanjay Malhotra said.

Asset tokenization converts real-world assets into digital tokens on blockchain, creating fractional ownership and global trading opportunities. It offers new possibilities for the financial markets in expanding access, improving transparency and enhancing settlement efficiency through smart contracts.

“The Reserve Bank has conceptualized a Unified Markets Interface as a new next generation financial market infrastructure. This interface will have the capability to tokenize financial assets and settlements using wholesale Central Bank Digital Currency (CBDC),” Malhot

See Full Page