Digital asset firms court sovereign funds
Digital asset firms and sovereign investors are meeting in Delhi to discuss the integration of national digital currencies and fast-payment networks like UPI and Pix. While the initiative aims to lower international transaction costs, officials emphasize that the agenda does not include de-dollarization.
Why it matters
The meeting highlights the growing effort by emerging economies to modernize cross-border payment infrastructure while navigating complex geopolitical tensions regarding the US dollar's dominance.
NEW DELHI: Digital asset firms will court sovereign investors at a Delhi roundtable this week as India pursues "faster, cheaper international payments" while insisting replacing the dollar is not on its agenda. Brics Digital Asset Round Table will gather 50 industry leaders.Organiser SWFI said iBrics summit investors manage $1 trillion across sovereign funds, pension funds and family offices.
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