RBI pilots programmable CBDCs to target and restrict subsidy spending

RBI UMI rollout and partnerships

RBI isn't stopping there. It's also rolling out a new platform called Unified Markets Interface (UMI) for turning financial assets into digital tokens.
Plus, they're teaming up with Singapore and the UAE to make cross-border payments smoother, while joining global projects like Project Rialto.
Next up: bringing more people into these pilots and finding fresh ways to use tokenized assets across different sectors.