Mumbai, Sept. 10 -- Former UIDAI Chairman Nandan Nilekani on Thursday said the global tokenisation ecosystem could see assets worth as much as USD 19 trillion being tokenised over the next seven to eight years as the technology gains traction across financial markets and multiple asset classes.

Tokenisation is a process where an asset such as a bond, share or other financial instrument is converted into a digital representation that can be held and transferred electronically.

Speaking at the Global Fintech Fest 2026, Nilekani said tokenisation has entered a phase of significant activity, with regulators, banks and financial institutions increasingly exploring the technology.

"Clearly there is a lot of action in the era of tokenization,...