RBI Launches CBDC Retail Sandbox For Fintech Players

With the CBDC retail sandbox, fintech players can access APIs, build prototypes, and test products in a secure, simulated environment

Fintechs can either join the sandbox directly or through their partner banks. The RBI said that the move will encourage faster experimentation and reduce operational risks for participants

The RBI is also developing Unified Markets Interface (UMI) to enable tokenisation of financial assets and settlements using wholesale CBDC.

The RBI has…