The BOX Launch Spotlights India’s Emerging Real-World Asset Tokenisation Ecosystem; Maharashtra’s pioneering role acknowledged
· Free Press Journal
“Tokenisation presents a significant new opportunity for Maharashtra as technology increasingly transforms the way real-world assets are owned, accessed and transacted. Maharashtra has always been at the forefront of innovation, supported by a strong financial sector, vibrant start-up ecosystem and a large pool of young talent. Initiatives like this and through blockchain-based infrastructure for Real World Assets, can help make transactions more transparent, verifiable and secure, thereby strengthening investor confidence”, said Adv. Ashish Shelar, Minister of IT, AI and Cultural Affairs, Government of Maharashtra while inaugurating the “The BOX Launch”, a high-level gathering focused on the emerging potential of Real-World Asset (RWA) tokenisation in India.
“India is moving towards becoming the world’s third-largest economy and achieving the vision of a developed nation by 2047, and this aspiration will require technological advancement and innovation. Maharashtra must continue to provide an environment where emerging technologies can be developed, tested and responsibly adopted. Initiatives such as this can contribute to strengthening Maharashtra’s position as a leading destination for innovation and investment,” said Adv. Rahul Narwekar, Hon’ble Speaker, Maharashtra Legislative Assembly, Government of Maharashtra.
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Pravin Pardeshi, CEO, Maharashtra Institution for Transformation (MITRA), Government of Maharashtra, in his remarks said, “Real estate remains one of the most preferred asset classes for long-term value creation, returns and wealth preservation. Tokenisation can make such investments more secure, transparent and accessible, while also helping channel savings into productive assets. The real potential lies in unlocking value from underutilised or idle public assets like transmission lines which when tokenised could potentially allow wider participation in the income generated by such assets, on lines like investment structures such as REITs”.
Citing example of US where the amount of asset under tokenization is as much as 3 times larger than equity market, Dr. Pardeshi added, “Maharashtra, being a power-surplus state, can explore such models to create additional revenue streams. This can enhance the State’s capacity to invest in new infrastructure and create a virtuous cycle in which existing assets generate resources for creation of future assets”.
“Cybersecurity must be built into the foundation of Real-World Asset and land tokenisation before such systems are deployed at scale. Digital assets create new vulnerabilities through wallets, private keys, smart contracts, identity theft, phishing and fraudulent tokenisation, which can expose asset owners to serious financial risks. Regular cybersecurity audits, vulnerability assessments and adequate security provisions must therefore be incorporated at the design stage itself. Today, Maharashtra Cyber today handles around 8,000–10,000 cyber-related calls daily and has helped save nearly ₹1,600 crore from cyber fraud in less than a year,” said Yashasvi Yadav, Additional Director General of Police (ADGP), Maharashtra Cyber, Maharashtra.
Dr. Vijay Kalantri, Chairman, MVIRDC World Trade Center Mumbai and President, All India Association of Industries in his address said, “Technology is rapidly transforming the way capital, assets and businesses interact. Real-World Asset tokenisation represents an emerging opportunity to make investment ecosystems more efficient, transparent and accessible. India has the technology capabilities, entrepreneurial talent and large market required to become an important participant in this evolving global ecosystem. Our previous experiments in indigenous digital stack, JAM trinity has shown that scalable use of technology in governance can bring a paradigm shift”
Dr. Kalantri further emphasised that innovation must progress alongside an enabling regulatory environment. “For India to realise the full potential of emerging technologies such as blockchain and asset tokenisation, we need innovation accompanied by trust, investor protection and regulatory clarity. Maharashtra has taken pioneer steps through its DELTA Act assuring statutory backing with legal certainty. Once integrated, this can be utilized in unlocking dormant capital, novel financing mechanisms and ownership clarity aiding businesses and MSMEs”, he added.
Setting the context, Mr. Vishal Kalantri, Director, Strategy and Investment, RealX and Director, Balaji Infrastructure Private Limited said, “Tokenisation and Real-World Assets are emerging as important components of the evolving digital economy, bringing together stakeholders from policy, finance, technology and industry on a common platform. The REALx gathering comes at an important time when emerging technologies are reshaping ownership, investment and the way businesses operate across markets. The global World Trade Centers network, with access across more than 300 jurisdictions under one umbrella, has enabled WTCs to facilitate trade, investment and cross-border business opportunities, helping enterprises operate more seamlessly across global boundaries. This global connectivity and ability to bridge markets becomes particularly relevant as tokenisation opens new possibilities for investment, asset ownership and cross-border participation,”
World Trade Center Mumbai hosted “The BOX Launch”, here on 11th September 2026, a high-level gathering focused on the emerging potential of Real-World Asset (RWA) tokenisation in India. The event brought together policymakers, technology experts, real estate leaders, investors and financial-sector professionals to deliberate on how blockchain-based infrastructure can reshape ownership, investment and access to real-world assets. The event presented by RealX marked the launch of REDbox and Whitebox, described as open infrastructure for India’s Real-World Asset tokenisation ecosystem.
RWA tokenisation involves digitally representing rights or interests in physical or financial assets through blockchain-based tokens. The emerging model has the potential to facilitate fractional participation, improve transaction efficiency and create new investment structures, while also raising important questions relating to regulation, investor protection, custody, transparency and interoperability.
The event underlined the growing convergence of technology, finance and real-world assets and the need for collaboration among government, regulators, financial institutions, technology companies, developers and investors.