Maharashtra explores tokenizing state assets for infrastructure

India's richest state, Maharashtra, is drafting a policy to tokenize its own assets — including its electricity transmission infrastructure — to fund new infrastructure projects. The initiative would put state-owned assets on-chain to raise capital, adding to a growing push by Indian governments to tokenize public assets.

The policy is still in the drafting stage, with no details yet on which specific assets would be tokenized, the structure of any token offering, or a timeline for implementation.