The world of cryptocurrencies and the blockchain have seen considerable innovations such as Decentralized Finance (DeFi), Stablecoins, and tokenized Digital Asset Management. However, cryptocurrencies do not have regulatory compliance in India and many other jurisdictions and this is not likely to change soon.
CBDCs, on the other hand, are legal tender and are fully compliant with local regulations. A tokenized Digital Asset Management Platform middleware that integrates CBDCs will leverage the innovations from the crypto world into mainstream finance, with full regulatory compliance.
TransCognit aims to build this middleware, initially as a Proof-of-Concept and eventually as a scalable, mature platform.