Maharashtra Unveils ₹50 Trillion Asset Tokenisation Plan: A Leap Towards Digital Growth
Maharashtra Chief Minister Devendra Fadnavis has announced a groundbreaking asset tokenisation framework, aiming to unlock ₹50 trillion in dormant capital through digital representation of real-world assets.
Asset TokenisationDigital EconomyReal EstateBlockchainEconomic GrowthReal Estate MaharashtraOct 09, 2025
Fadnavis highlighted the huge potential of wealth that remains untapped in the state. “It takes a long time for people to unlock their assets and raise capital. This curtails our ability to reap the benefits. We will create a framework where you can tokenise your assets. We will be working with the regulators, innovators, and startups,” he said during a discussion with Kunal Shah, founder of Cred.
The Chief Minister also appreciated the collaborative approach adopted by regulators in such measures. Tokenisation is expected to fast-track growth and infrastructure projects in the state. Fadnavis emphasized the need to accelerate project timelines, which were often delayed due to various clearances from different authorities.
“At the pace at which we normally work, if we want to unlock this potential of Mumbai, maybe it will take 20 years. We can do it in two years if we do tokenisation,” he added, unveiling his vision to make Maharashtra the first “tokenised state.” Fadnavis also set a target of making Maharashtra a $1-trillion economy by 2030.
Maharashtra is eyeing growth through GCC investments and digital innovation. “Revolution is coming to India and we want to catch it. We already have good global capability centres (GCCs) investing in Mumbai, Pune, and other cities. We need to create an ecosystem where this entire GCC revolution is captured by the state of Maharashtra,” said the Chief Minister.
A day earlier, the Reserve Bank of India (RBI) had launched a pilot on deposit tokenisation, marking another significant step towards the adoption of digital financial infrastructure. This move by the RBI aligns with the state’s vision of leveraging technology to drive economic growth and efficiency.
Overall, the asset tokenisation framework represents a significant leap towards digital innovation and economic development in Maharashtra, with the potential to transform the way assets are managed and utilized in the state.
Frequently Asked Questions
What is asset tokenisation?
Asset tokenisation is the process of converting real-world assets, such as real estate or financial instruments, into digital tokens that are recorded on a blockchain. This allows for easier and faster transactions and management of these assets.
How much capital is expected to be unlocked through this framework?
The framework is expected to unlock nearly ₹50 trillion worth of dormant capital across the state of Maharashtra.
What is the target for Maharashtra's economy by 2030?
The target for Maharashtra's economy by 2030 is to become a $1-trillion economy.
How will tokenisation fast-track infrastructure projects?
Tokenisation will reduce the time required for clearances and transactions, allowing infrastructure projects to be completed much faster, potentially within two years instead of 20 years.
What recent step did the Reserve Bank of India take related to tokenisation?
The Reserve Bank of India (RBI) launched a pilot on deposit tokenisation, which is a significant step towards the adoption of digital financial infrastructure.
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