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India’s RBI Approves Blockchain Platform for MSME Financing
India’s RBI Approves Blockchain Platform for MSME Financing
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BTCCSquare news:
The Reserve Bank of India has greenlit a blockchain-based financing solution for micro, small, and medium enterprises (MSMEs), developed by the Indian Banks’ Digital Infrastructure Company in collaboration with major financial institutions including ICICI Bank and HDFC Bank. The platform tokenizes invoices from top-tier suppliers, enabling faster and more transparent credit access for lower-tier MSMEs.
By converting approved invoices into digital tokens, the system allows lenders to provide quicker funding, addressing longstanding liquidity challenges in supply chain finance. The RBI confirmed the solution is now available for adoption by regulated entities that meet compliance requirements.
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