Raghav Chadha Introduces Asset Tokenisation Bill in Rajya Sabha
Rajya Sabha Member of Parliament Raghav Chadha has introduced a significant Private Member's Bill titled "The Asset Tokenisation (Regulation) Bill, 2026" in the Upper House on Friday. This legislative proposal aims to establish a comprehensive legal and regulatory framework for tokenised real-world assets in India, addressing the rapidly evolving digital asset landscape.
Objectives of the Proposed Legislation
The bill seeks to bring legal recognition to asset tokenisation, providing much-needed clarity and structure to the digital asset ecosystem. It outlines a statutory framework for the issuance, trading, custody, and settlement of tokenised assets that represent real-world holdings such as real estate, infrastructure projects, and intellectual property.
According to Chadha, the initiative is designed to ensure transparency, accountability, and investor protection, while simultaneously encouraging innovation within the financial technology sector. The bill also calls for robust regulatory oversight to safeguard market integrity and maintain financial stability in tokenised asset markets.
Background and Advocacy
Chadha had previously urged the government to introduce a dedicated Tokenisation Bill, advocating for the division of various assets into digital units. This approach would allow individuals to purchase smaller portions of high-value assets, democratizing access to investment opportunities and fostering broader economic participation.
The introduction of this bill marks a pivotal step towards modernizing India's financial regulations, aligning with global trends in digital finance and blockchain technology. It reflects growing recognition of the potential benefits of tokenisation, including increased liquidity, reduced transaction costs, and enhanced market efficiency.
As the bill progresses through parliamentary procedures, it is expected to spark discussions on balancing innovation with regulatory safeguards, shaping the future of India's digital economy.
