Indian MP Advocates for Tokenization Bill to Democratize Asset Ownership

Indian Member of Parliament Raghav Chadha has called for the introduction of a 'Tokenization Bill' to enable fractional ownership of high-value assets through digital tokens. Speaking in the Rajya Sabha, Chadha emphasized that such legislation WOULD allow middle-class investors to participate in markets traditionally dominated by the wealthy.

'Commercial buildings, infrastructure projects, and private asset classes are beyond the reach of ordinary citizens,' Chadha noted. 'Tokenization can democratize investment opportunities, much like UPI revolutionized digital payments.' The proposed bill aims to mirror the inclusivity of UPI, extending its success to asset ownership.

Currently, middle-class investors in India are largely confined to savings accounts, fixed deposits, and mutual funds. Chadha's proposal seeks to disrupt this paradigm by leveraging blockchain technology to fractionalize ownership of real estate, intellectual property, and other high-value assets.