RBI approves IBDIC’s blockchain-based MSME financing tool. It tokenizes invoices to enable faster, cheaper credit. IBDIC partnered with ICICI Bank, HDFC Bank, Yes Bank, and Aditya Birla Capital. India’s central bank, the Reserve Bank of India (RBI), has cleared a blockchain-based MSME financing solution developed by Indian Banks’ Digital Infrastructure Company (IBDIC) Pvt Ltd for broader adoption. The approval comes after successful completion of testing under the Fifth Cohort of RBI’s Regulatory Sandbox (RS), which featured a theme-neutral approach to fintech innovation. RBI confirmed the product’s viability in a press release today, August 15, 2025. It says the solution had met predefined testing benchmarks. It is now eligible for adoption by entities such as banks and NBFCs pending compliance with applicable regulations. Blockchain Solution for MSME Credit Access The IBDIC solution seeks to improve access to affordable finance for lower-tier MSMEs within corporate supply chains. It uses blockchain and smart contracts to tokenize invoices accepted by large enterprises that form the backbone of these supply chains. The tokenized invoices… The post India’s Central Bank Endorses Enterprise Blockchain Use in Supply Chain Finance appeared first on Coin Edition .
