In a significant development for India's financial technology landscape, former SoftBank executive Manoj Kohli has joined the advisory board of Alt DRX, a leading platform for asset tokenisation. This move underscores the growing importance of tokenisation in democratizing access to alternative assets.
What is Asset Tokenisation?
Asset tokenisation involves converting ownership rights of real-world assets—such as real estate, art, or commodities—into digital tokens on a blockchain. These tokens can be easily traded, fractionalized, and accessed by a broader investor base, lowering entry barriers.
Manoj Kohli's Role
Kohli, known for his tenure as CEO of Bharti Airtel and later as a senior executive at SoftBank, brings extensive experience in telecommunications, technology, and global business strategy. His appointment is expected to guide Alt DRX in navigating regulatory frameworks and scaling operations.
"Asset tokenisation has the potential to transform how Indians invest," Kohli stated. "I am excited to contribute to Alt DRX's mission of making alternative investments accessible and transparent."
Impact on Indian Markets
The entry of a seasoned leader like Kohli signals that asset tokenisation is moving from niche to mainstream. Alt DRX aims to tokenize high-value assets, allowing retail investors to own fractions of properties or artworks for as little as a few hundred rupees.
Industry experts believe this could unlock billions in illiquid assets, providing liquidity and diversification. However, regulatory clarity remains a challenge, with the Securities and Exchange Board of India (SEBI) still formulating guidelines for digital assets.
Future Outlook
With Kohli's guidance, Alt DRX plans to expand its asset classes and forge partnerships with traditional financial institutions. The company already has a pipeline of real estate and infrastructure projects worth over $100 million ready for tokenisation.
"This is just the beginning," said Alt DRX CEO. "Manoj's vision will help us pioneer a new asset class in India."
The move also aligns with global trends, where tokenised assets are projected to reach $16 trillion by 2030, according to a report by the World Economic Forum. As India embraces digital finance, asset tokenisation could become a cornerstone of wealth creation.
