Reliance Industries Ltd. is embarking on a new journey into the realm of blockchain and central bank digital currencies (CBDCs), as revealed by Mukesh Ambani, the Chairman and Asia’s wealthiest individual. Chairman Ambani’s conglomerate, Reliance, has set its sights on the financial domain with the recent launch of its financial services arm, Jio Financial Services (JFS), earlier this month. This strategic move has gained further momentum through the announcement of a partnership with BlackRock (BLK). The revelation of its latest ventures into CBDCs and Blockchain took centre stage during the company’s pinnacle event of the year, the annual general meeting.
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