Mintok acquires CBDC startup Digiledger for $3.5 million

According to Golden Finance, Indian fintech company Mintok recently acquired Digiledger, a startup focused on central bank digital currencies, for approximately $3.5 million. This is the first merger and acquisition case in the Indian CBDC field, and Mintok has previously received investment support from PayPal and HDFC Bank. Through this acquisition, Mintok will integrate Digiledger's expertise in CBDC and bill payments to provide a more comprehensive digital rupee payment solution for its partner banks, including HDFC Bank, Axis Bank, and State Bank of India.