India Is Tokenizing Everything From Power Lines to Corporate Bonds and Here Is What It Means

TLDR

• Maharashtra is drafting a policy to tokenize state-owned assets, including electricity transmission infrastructure
• The state wants to raise fresh capital from token holders to fund new power lines and solar storage
• India’s securities regulator SEBI launched a tokenized corporate bond pilot raising $107 million
• Three companies issued bonds under the new Demat 2.0 system, which settles instantly using a wholesale CBDC
• Maharashtra’s chief minister has also directed officials to draft a dedicated blockchain property law called the DELTA Act

Maharashtra, India’s richest state, is working on a policy to put its government-owned assets on blockchain. The plan, outlined by Praveen Pardeshi, CEO of state policy body MITRA, was shared at an invite-only event hosted by real estate tokenization firm RealX in Mumbai.

🇮🇳HUGE: India has officially started tokenizing its $620 BILLION corporate bond market using the digital rupee.

SEBI and the Reserve Bank of India launched "Demat 2.0," turning corporate bonds into digital tokens and settling payments through the RBI's wholesale digital rupee.… pic.twitter.com/PkyVRS68SO

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