Solvo Legal, a legal firm, has announced the unveiling of the “Regulatory Framework for Asset Tokenisation in India” at the Fintech Festival India Bangalore City Experience, authored by Purushottam Anand, partner, Solvo Legal, and Sharat Chandra, a blockchain and emerging technology evangelist.

According to an official release, the framework addresses the application of distributed ledger technologies (DLTs) and smart contracts for asset tokenisation, introducing efficiencies such as automation, transparency, digitisation, disintermediation, and faster clearing and settlement. Through recognising three types of tokens based on their nature and functions, which are payment or exchange tokens, utility tokens, and security tokens, the framework aims to clarify the regulatory landscape for asset tokens, which has value backed by or referenced to any asset, value, or right.

“We believe this framework is a step towards enabling innovation in the landscape of asset tokenisation in India,” Anand said.

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