Aam Aadmi Party (AAP) Member of Parliament Raghav Chadha has called for a major economic overhaul, urging the central government to introduce a comprehensive law to unlock the vast wealth trapped in India's illiquid assets through tokenisation.
Parliamentary Push For Economic Reforms
During a session in Parliament on December 17, 2025, Chadha pitched for sweeping reforms to boost domestic investment and modernise the financial ecosystem. His key proposals included strengthening the Goods and Services Tax (GST) system under a proposed GST 2.0 framework and, most prominently, enacting a dedicated Tokenisation Bill.
The AAP leader framed asset tokenisation as a potential game-changer for the Indian economy. He argued that by using blockchain technology to enable fractional ownership, millions of citizens could easily invest in high-value assets that are currently out of reach.
Tokenisation: The Next UPI-Style Revolution?
Chadha drew a direct parallel between the potential of tokenisation and the transformative impact of the Unified Payments Interface (UPI). He stated that a well-regulated tokenisation framework could democratise wealth creation in unprecedented ways.
The assets identified for tokenisation span critical sectors of the economy:
- Real Estate: Allowing fractional investment in property.
- Infrastructure: Opening up projects to public investment.
- Commodities: Simplifying access to gold, agricultural produce, etc.
- Intellectual Property (IPR): Enabling investment in patents, copyrights, and royalties.
The core benefits, as highlighted by the MP, include unlocking liquidity in otherwise stagnant assets, significantly reducing intermediation costs, and widening the pool of participants in the wealth creation process.
The Need For A Robust Legal Framework
Emphasising that innovation must go hand-in-hand with investor protection, Chadha stressed the urgent need for a clear legal and regulatory structure. He pointed out that for tokenisation to succeed and gain public trust, a regulatory sandbox environment is essential.
This sandbox would allow innovators to test their solutions under the supervision of regulators before a full-scale launch. The ultimate goal, he affirmed, is to promote inclusive growth within India's financial system while safeguarding investors from potential risks associated with new technology.
Chadha's intervention in Parliament places the spotlight on an emerging financial technology that could reshape how Indians perceive and access investments, moving the debate from theoretical discussion to the realm of actionable policy.
