India's GIFT City to launch regulated asset tokenization platform
India's International Financial Services Centre (IFSC), GIFT City in the state of Gujarat, is preparing to launch the first regulated real-world asset tokenization (RWA) platform in January 2024. India positions GIFT City as a competitor to Singapore and Dubai. A spokesperson for the IFSCA regulatory agency of GIFT City said that the first tokenized asset category will be real estate, but art, aircraft, and ships are also on the agenda.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
You may also like
Fed report examines how crypto price changes impact ownership trends
Istanbul police arrest Omegapro managers for $4B crypto fraud
Elon Musk to lead Trump's government efficiency commission
Scottish court seizes $144,000 in first crypto confiscation