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Unified Markets Interface (UMI): RBI’s Tokenisation Plan

9 October 20251 min read
BANKING & FINANCEUnified MarketsInterface (UMI):RBI’s TokenisationPlan9 October 2025safalsetu.com

Why in the news

At Global Fintech Fest 2025, RBI presented the idea of a Unified Markets Interface for tokenised assets.

Key facts

  • UMI aims at efficiency, transparency and security in market transactions, using wholesale CBDC settlement.
  • Expected: better liquidity management, lower costs.
  • UPI Reserve: for liquidity management and high-value UPI payments.
  • IoT compatibility: smart devices can start real-time payments.

About tokenisation

  • Ownership or rights in an asset are represented as a tradeable digital token.
  • Examples: bonds, shares, fund units, gold, real estate, art, held in small fractions.

Exam angle

  • Settlement medium: wholesale CBDC.

Test yourself

1. At which event did RBI announce the Unified Markets Interface (UMI) concept in 2025?

RBI announced UMI at Global Fintech Fest 2025.

2. The Unified Markets Interface is designed to enable settlement using which instrument?

UMI would facilitate settlement via wholesale central bank digital currency.

3. What does tokenisation of an asset involve?

It represents ownership or rights in an asset as a digital token.

This topic is part of Daily Current Affairs 9 October 2025 (15 topics).

All topics of the dayDay quizOctober 2025

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