Aam Aadmi Party MP Raghav Chadha Introduces Asset Tokenisation Bill In Parliament
Aam Aadmi Party MP Raghav Chadha has introduced a Private Member's Bill in Parliament titled the Asset Tokenisation (Regulation) Bill, 2026, aiming to establish a legal framework for regulating tokenised real-world assets in India.
A token is a digital item representing ownership or value and exists on a shared online system, such as a blockchain. Tokens may represent various assets or rights, including currencies, voting power, or other entitlements. A token's value can be monetary, social, cultural, or utility-based.
Tokenisation is the process of creating a digital representation of assets or rights that can be transacted, stored, or transferred securely on a blockchain or similar infrastructure. It can enhance liquidity, transparency, and security by allowing assets to be easily divided, tracked, and traded on public blockchains.
Asset tokenisation refers to converting ownership rights in physical or financial assets, such as real estate, commodities, artwork, or securities, into digital tokens recorded on blockchain or distributed ledger systems.
The Bill proposes to formally recognise tokenised assets under Indian law, clarifying issues relating to ownership rights, transferability, and enforceability. It also seeks to create a statutory framework for the issuance, trading, custody, and settlement of tokenised assets, with compliance requirements for issuers, trading platforms, custodians, and other intermediaries.
Further, the legislation proposes regulatory oversight of tokenised asset markets to ensure transparency and mitigate risks such as fraud and market manipulation. Investor protection measures, including disclosure requirements and safeguards for market participants, are also built into the Bill.
Although Private Member's Bills rarely become law without government backing, Chadha's proposal is expected to spark discussions on regulating blockchain-based financial innovations and tokenised investments in India.
If passed, the Bill could set a benchmark for positive crypto regulation in the country.