- The Reserve Bank of India (RBI) is advancing asset tokenization with its new Unified Markets Interface (UMI).
- Definition: It converts real-world assets into digital tokens on blockchain, creating fractional ownership and global trading opportunities.
- Outcome: It offers new possibilities for the financial markets in expanding access, improving transparency and enhancing settlement efficiency through smart contracts.
- Technology Backbone: Uses blockchain and smart contracts for secure, automated transactions. Read More
RBI Introduces Unified Markets Interface to Tokenize Financial Assets
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Asset Tokenization
