#India
2 articles tagged #India — curated RWA tokenization coverage.
8.0
Real Estate
cointrust.com·7h ago
Maharashtra Plans India’s First Blockchain Real Estate Tokenization Law
The government of Maharashtra is drafting the Maharashtra Digitisation and Exchange of Land Token Assets Act to establish India's first legal framework for blockchain-based real estate tokenization. Chief Minister Devendra Fadnavis has directed officials to form a committee including representatives from SEBI, the Bombay Stock Exchange, and the National Stock Exchange to study global regulatory practices. This initiative aims to modernize land ownership by allowing real estate assets to be represented as digital tokens on a distributed ledger, ensuring they maintain legal validity. By moving away from traditional paper-based documentation, the state intends to improve transparency, streamline property transfers, and facilitate the use of real estate as collateral for loans. The proposal seeks to unlock economic value currently trapped by lengthy title verification and administrative formalities. This move follows the state's recent amendment to the MPID Act, which recognized cryptocurrencies as recoverable property, signaling a broader commitment to integrating blockchain into public administration. If enacted, this legislation could position Maharashtra as a national leader in property infrastructure and provide a scalable model for other Indian states to adopt.
6.5
Infrastructure
India's central bank revives push to isolate banks from crypto: Report
The Reserve Bank of India (RBI) has formally advised lawmakers to implement a containment strategy that shields the domestic banking sector from exposure to private cryptocurrencies and stablecoins. During a presentation to the Parliamentary Standing Committee on Finance, RBI officials Rohit Jain and P. Vasudevan emphasized that prohibiting crypto in payments and settlements remains a viable policy option. The central bank expressed concerns that traditional regulation might inadvertently legitimize speculative assets, potentially misleading retail investors regarding their safety. Crucially, the RBI distinguished these speculative assets from regulated tokenized instruments, such as government securities and corporate bonds. By advocating for this distinction, the central bank aims to ensure that restrictive crypto policies do not stifle the growth of legitimate RWA tokenization efforts. This stance reflects a long-standing tension between the regulator and the digital asset industry, reminiscent of the 2018 banking ban that was eventually overturned by the Supreme Court in 2020. As India leads the 2025 Chainalysis Global Crypto Adoption Index, the RBI's push for a bifurcated regulatory framework highlights the government's intent to control systemic financial risks while fostering institutional blockchain innovation.