Digital Public Infrastructure refers to open, interoperable digital systems that provide essential public services and enable private sector innovation. These systems often include digital identity, payment systems, and data exchange mechanisms. They are designed to be accessible and beneficial for all members of society.
Context
The state of digital public infrastructure in the context of digital assets involves its potential to facilitate widespread adoption of blockchain-based services and national digital currencies. A critical future development includes the integration of decentralized ledger technologies to enhance transparency, security, and efficiency in public services globally.
The Reserve Bank of India is establishing a Unified Markets Interface utilizing wholesale CBDC to achieve T+0 settlement and reduce counterparty risk in tokenized financial assets.
The central bank's pilot tokenizing Certificates of Deposit with wholesale CBDC establishes a high-velocity, T+0 settlement layer for domestic money markets.
The UMI framework leverages wholesale CBDC for T+0 settlement of tokenized assets, structurally eliminating counterparty risk and optimizing capital efficiency across the national financial market infrastructure.
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