India, Nov. 6 -- The new report finds that tokenization in India is no longer held back by technology or demand, but by who builds first.

Mumbai, 06th Nov' 26 - Mudrex launched the Builder's Guide to RWA Tokenization in India, which maps where real-world asset tokenization stands across seven asset classes: commodities, currencies, bonds, equities, real estate and land, credit, and energy. It finds that India has already built much of the public infrastructure tokenization needs, and that the next phase depends on builders putting those rails to work.

The report follows a busy September 2026, when SEBI and RBI announced Demat 2.0, India's first tokenized corporate bondpilot, with three issuers raising Rs.1,025 crore settled in central b...