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TechFlow reports that GIFT City in Gujarat, India's International Financial Services Centre (IFSC), plans to launch a regulated real-world asset (RWA) tokenization platform in January 2024. India is positioning GIFT City as a competitor to Singapore and Dubai.
A spokesperson from IFSCA, the regulator of GIFT City, said the first tokenized asset class will be real estate, with future plans to support categories such as art, aircraft, and ships.
GIFT City in Gujarat, India's International Financial Services Centre (IFSC), plans to launch a regulated real-world asset (RWA) tokenization platform in January 2024, positioning GIFT City as a competitor to Singapore and Dubai. A spokesperson from IFSCA, the regulator of GIFT City, said the first tokenized asset class will be real estate, with future plans to support categories such as art, aircraft, and ships.
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