Maharashtra is drafting a blockchain-based land tokenisation law to digitize property assets, aiming to streamline transactions and unlock hidden asset value for property owners.
Tokenization explained
Understanding property tokenization
Property tokenization is the process of representing ownership or economic value tied to a physical asset through digital tokens on a blockchain network.
Essentially, it divides the value of a property into digital units, each token representing a defined interest in the underlying asset.
This could make real estate assets easier to transfer, access, and monetize depending on regulatory frameworks.
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