Tokenisation can unlock hidden wealth, cut borrowing costs: Mudrex CEO
At the Business Standard Smart Investor Arena 2026, Mudrex CEO Edul Patel highlighted the potential for tokenization to unlock significant household wealth in India by improving asset transparency and credit accessibility. Patel argued that by consolidating fragmented ownership records onto a single ledger, tokenization can reduce borrowing costs and provide lenders with clearer visibility into borrower creditworthiness. While Mudrex currently offers tokenized equities and commodities, Patel noted that broader retail access to tokenized Indian real estate and bonds remains constrained by evolving regulatory frameworks. He specifically cited the Rural Electrification Corporation's tokenized bond issuance as a landmark step, despite the current lack of an active secondary market. To achieve mass adoption, Patel emphasized the necessity of a sovereign public digital infrastructure similar to India's Unified Payments Interface (UPI) to standardize ownership verification. He further suggested that existing regulators should oversee tokenized assets rather than creating new oversight bodies, while platforms must demonstrate broader economic value to influence current crypto tax policies. Ultimately, the integration of tokenization into financial services is expected to become an invisible, foundational layer within the next five years.