Maharashtra DELTA Act To Set Framework For Tokenised Property, Fadnavis Says Move Will Unlock Dormant Wealth
Mumbai: Maharashtra is developing a legal framework for blockchain-based tokenisation of land and other immovable assets through the proposed Maharashtra Digitization and Exchange of Land Token Asset, or DELTA, Act, Chief Minister Devendra Fadnavis said. Speaking at the Global Fintech Fest 2026, Fadnavis said the initiative could help India unlock productive capital, improve transparency and…
Maharashtra is creating a legal structure for tokenisation of land and other immovable assets using blockchain technology through the proposed DELTA Act, according to Chief Minister Devendra Fadnavis. Speaking at the Global Fintech Fest 2026, Fadnavis explained that the initiative could enable India to unlock idle capital, boost transparency, and enhance liquidity in the property market.
Fadnavis emphasized that tokenisation should not be considered a speculative tool but rather a means to transform dormant wealth into economic opportunities, while establishing a transparent system for ownership and transactions. Tokenisation signifies the digital representation of ownership rights to an asset on a blockchain, and a legal framework could provide clarity on issues related to the transfer and exchange of tokens linked to land and immovable property.
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