RBI Launches Unified Markets Interface to Tokenize Financial Assets via Wholesale CBDC

The Reserve Bank of India (RBI) has introduced the Unified Markets Interface (UMI), described by Governor Sanjay Malhotra as a next-generation financial market infrastructure aimed at asset tokenisation. Asset tokenisation transforms real-world assets into digital tokens on blockchain, enabling fractional ownership and global trading opportunities. This innovation promises to broaden market access, enhance transparency, and improve settlement efficiency through smart contracts. By digitising assets, UMI facilitates seamless trading, reduces intermediaries, and creates a more inclusive and efficient financial ecosystem, positioning India at the forefront of modern, technology-driven financial markets while leveraging the advantages of blockchain technology.