Technology3h ago
Maharashtra to create legal framework for blockchain-based land tokenisation: Fadnavis
AI EXECUTIVE SUMMARY
Maharashtra is developing a legal framework through the DELTA Act to enable the blockchain-based tokenization of land and immovable assets. According to Chief Minister Devendra Fadnavis, the initiative aims to utilize financial technology to unlock dormant assets and broaden access to ownership and capital within the state.
WHY IT MATTERS
This initiative represents a significant state-level regulatory effort to integrate blockchain technology into real estate administration and asset management in India.
Maharashtra is putting in place the architecture for the DELTA Act to create a legal framework for blockchain-based tokenisation of land and other immovable assets, Chief Minister Devendra Fadnavis said on Wednesday, as the state looks to use emerging fintech to unlock dormant assets and widen access to ownership and capital.ย
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