Indian MP Raghav Chadha Proposes Tokenization Bill to Democratize Investment Access
Indian Member of Parliament Raghav Chadha has urged the Indian Parliament to introduce a Tokenization Bill aimed at enabling fractional ownership of high-value assets such as real estate, infrastructure, and intellectual property through digital tokens.
The bill seeks to democratize investment access for India's middle class by facilitating broker-free liquidity and wider participation in assets, drawing a parallel to how the Unified Payments Interface (UPI) expanded digital payments in the country.
Chadha has called for bespoke asset-tokenization legislation along with the creation of a dedicated regulatory sandbox to safely test new business models.
The proposed framework would mandate that tokenized assets remain onshore under Indian law to attract global capital while preventing migration to offshore jurisdictions.
Industry leaders emphasize the importance of regulatory clarity; Raj Kapoor of the India Blockchain Alliance stated that the bill could unlock tokenization opportunities for infrastructure, micro, small and medium enterprises (MSMEs), real estate, carbon credits, gold, and receivables.
The global significance of blockchain-based tokenization was highlighted, referencing BlackRock executives who described it as shaping the next major evolution in market infrastructure, comparable to the internet's emergence in 1996.
Currently, India faces regulatory ambiguity around tokenized assets, and this bill aims to address that by aligning tokenized instruments with existing securities and contract law.
This discussion took place in the Rajya Sabha on December 16, 2025, with the report published by Decrypt on December 17, 2025.
