Indian lawmaker Raghav Chadha proposes a dedicated tokenization bill to empower real-world assets

Indian People's Party (BJP) Member of Parliament Raghav Chadha has proposed a "Tokenization Bill" in the Federal House, aiming to establish a legal framework to leverage blockchain for empowering real-world assets (RWAs). Chadha emphasized that the core of the proposal is to achieve financial democratization through fractional ownership of assets, and called for the establishment of a regulatory sandbox for enterprises to experiment with tokenization products. The bill intends to clearly define the legal status of tokenized assets, preventing the loss of sovereign data and the risk of unregulated trading of assets on foreign networks due to the lack of domestic regulations.