India's GIFT City to launch regulated asset tokenization platform

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Cointime2023/12/19 11:31

By:Cointime

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.

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