Digital gold platforms form DPMACI as self-regulatory body amid SEBI scrutiny
PhonePe, BharatPe, MobiKwik, CRED, Gullak and others have launched DPMACI, a self-regulatory organisation mandating 1:1 physical gold backing, third-party audits and an ombudsman framework. Move comes as SEBI flags the segment's regulatory grey area, with 90% of transactions running on UPI and ₹10 minimum tickets driving mass adoption.
What happened
India's digital gold platforms including PhonePe, BharatPe, MobiKwik, CRED and Gullak have formed a self-regulatory body, DPMACI, mandating 1:1 physical gold
Key facts
- 1:1 physical backing
- ₹10 minimum
- 90% UPI transactions
Why this matters
DPMACI membership is becoming table stakes for any digital gold partnership or acquisition target—diligence vault custody, audit trails, and SRO standing before pricing the deal.