IBF & Crypto Legal Collaborate for Asset Tokenization Regulation

The development of a secure and open ecosystem for asset tokenization in India is anticipated to start with the proposed regulatory framework.

The India Blockchain Forum (IBF) and Crypto Legal have collaborated to propose a comprehensive regulatory framework for asset tokenization. In the world of blockchain and digital assets, it is expected that this will encourage innovation and create clear guidelines.

It is thought that this proposed framework might offer a structured and transparent environment for the issuance, trading, and regulation of asset tokens given the evolving nature of asset tokens and the various degrees of rights and obligations they represent. 

According to the official press release, this proposed regulatory framework is anticipated to be a step toward creating a safe and open ecosystem for asset tokenization in India. 

Sharat Chandra, a co-founder of the India Blockchain Forum, said, “Tokenisation can lower investment thresholds and promote standardisation to improve liquidity. Regulatory frameworks are necessary to pave the way for a future where blockchain technology can change the way we invest, transact, and access financial opportunities, among others.” 

Also Read: Indian States Govt. Drives Blockchain in Public Administration

Related Posts