Indian MP Raghav Chadha Urges Creation of Dedicated Tokenization Law

Raghav Chadha proposes legislation to regulate blockchain-based tokenization, enabling fractional ownership and legal clarity while safeguarding national economic sovereignty.

Summary

Indian MP Raghav Chadha has proposed a ‘Tokenization Bill’ aimed at leveraging blockchain to empower real-world assets. The plan includes provisions for fractional ownership, regulatory sandboxes, and clear legal definitions to create a regulated on-chain economy. The initiative also emphasizes protecting India’s national economic sovereignty while fostering innovation in the digital asset sector.

Terms & Concepts
  • Tokenization: The process of converting rights to an asset into a digital token on a blockchain (secure distributed ledger).
  • Regulatory Sandbox: A controlled environment where businesses can test innovative financial products, services, or business models under regulatory oversight without immediately meeting all regulatory requirements.