India’s Asset Reserve Certificate (ARC) token, a fully collateralized digital asset developed by Polygon and fintech firm Anq, is expected to launch in the first quarter of 2026, according to sources.
The token will be backed 1:1 by the Indian rupee and issued only when supported by cash or liquid government-backed instruments.
This design aims to keep liquidity within India by reducing reliance on dollar-backed stablecoins. ARC will function alongside the RBI’s CBDC, acting as a private-sector innovation layer for programmable payments while maintaining strict regulatory oversight.
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