Mudrex Report Highlights India’s Readiness for Asset Tokenization

Mudrex has released a comprehensive report titled 'Builder's Guide to RWA Tokenization in India,' which evaluates the nation's readiness across seven asset classes including real estate, bonds, and commodities. The analysis suggests that India possesses the necessary public infrastructure for tokenization, citing recent milestones such as the SEBI and RBI 'Demat 2.0' corporate bond pilot that raised ₹1,025 crore. While state-led initiatives have advanced in bonds and energy, the report identifies liquidity as the primary bottleneck rather than a lack of market demand. It highlights that despite significant interest in digital gold and a massive base of 22.5 crore demat accounts, verified data on cost and speed efficiencies for tokenized flows remains absent. Mudrex CEO Edul Patel emphasizes that the focus must now shift from regulatory and technological hurdles to proving adoption and measurable benefits. The report provides a roadmap for builders over the next 12 to 24 months, framing risks as design requirements for future development. This assessment is critical for the RWA market as it identifies India as a high-potential jurisdiction where the foundational rails are already operational.