Indian MP Advocates for Tokenization Bill to Expand Asset Access
- MP Raghav Chadha proposed a Tokenization Bill in India’s Parliament to allow fractional ownership of high-value assets.
- The bill aims to make assets like real estate and infrastructure accessible to the middle class, similar to how UPI expanded digital payments.
- Industry leaders stress the importance of the bill for keeping tokenization onshore and preventing migration to jurisdictions with clearer regulations.
- Raj Kapoor from the India Blockchain Alliance emphasized that a dedicated tokenization law is crucial for India’s participation in future financial architectures.
- Musheer Ahmed highlighted that clear rules could position India alongside global leaders in financial innovation, despite skepticism around crypto assets.
The proposed Tokenization Bill seeks to democratize investment opportunities by enabling fractional ownership of traditionally expensive assets through digital tokens, potentially transforming asset access for India’s middle class.
The initiative underscores a strategic move to retain economic sovereignty and prevent capital flight by ensuring Indian assets are tokenized under domestic laws rather than migrating offshore due to regulatory ambiguity. Source
