RBI has launched a retail sandbox for its CBDC, opening access to the digital rupee for fintechs

RBI launched a retail sandbox for its Central Bank Digital Currency, providing fintechs API access and testing capabilities. Governor Sanjay Malhotra emphasizes fostering innovation and improving user experience. The Unified Markets Interface will enable asset tokenization and wholesale CBDC settlements, including a pilot for tokenized certificates of deposit. Meanwhile, ULI has facilitated 3.2 million loans totaling INR 1.7 trillion since launch.