Question
What is the key objective of the RBI’s newly launched Unified Markets Interface (UM
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Solution
The Reserve Bank of India launched the Unified Markets Interface (UMI) to enable asset tokenisation—turning physical assets into digital tokens using blockchain and wholesale CBDC. This initiative allows fractional ownership, enhances market transparency, and facilitates global trading. It integrates with the Account Aggregator (AA) framework, which currently handles over 160 million accounts, improving data accessibility and inclusionÂ
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