The emergence of tokenised real-world assets is transforming Indian fintech. With the Reserve Bank of India (RBI) and the International Financial Services Centres Authority (IFSCA) now piloting tokenisation frameworks through regulatory sandboxes, the country is aligning with global leaders like Singapore and Abu Dhabi. These initiatives are more than experiments; they are laying the groundwork for new asset classes to trade seamlessly across India’s digital rails.
Platforms like InvestaX show how secondary markets for tokenised assets are rapidly evolving, signaling a new era of compliance-focused innovation. Keev Capital’s fintech expertise positions start-ups to capture value in custody, compliance, and secondary-trading layers that plug directly into UPI and ONDC.
India’s Tokenisation Push and Global Context
Tokenising real-world assets (RWAs) converts physical or financial assets—like bonds, real estate, or invoices- into blockchain-based digital tokens. RBI’s sandbox and IFSCA’s IFSC pilots provide a structured environment to test these models without full market exposure. Singapore’s Monetary Authority and Abu Dhabi Global Market are already experimenting with tokenised bonds and private credit, showing that Asia is becoming a hub for asset digitalisation.
For Indian fintechs, the opportunity is twofold: integrating local settlement infrastructure such as UPI and ONDC while ensuring global-grade compliance. Keev’s portfolio approach to vertical AI and automation also plays a role, as machine learning enhances transaction monitoring and smart-contract-driven settlement.
Custody, Compliance, and Secondary Trading as Growth Drivers
The key to scaling tokenised real-world assets lies in robust custody, risk management, and liquidity solutions.
Custody Solutions for Tokenised Assets
Secure, regulated custody is critical as investors and regulators demand protection for tokenised holdings. Start-ups providing compliant digital vaults and API integrations with banks are becoming essential in India’s sandbox ecosystem.
Compliance Layers and Reporting
RWA tokenisation introduces cross-border and multi-asset complexities. Automated KYC/AML and integrated regulatory reporting give Indian players a competitive advantage. Keev Capital sees opportunities for healthcare-focused and ESG-aligned fintechs to lead in data protection and auditable flows.
Secondary Trading on UPI and ONDC
Liquidity is where tokenisation creates real market impact. By connecting tokenised assets to India’s real-time payment infrastructure, start-ups can enable frictionless peer-to-peer transfers and small-ticket participation. Open marketplaces powered by ONDC will accelerate the distribution of tokenised consumer and environmental-tech assets, bridging retail and institutional interest.
The Strategic Advantage for Indian Start-ups
Building on RBI’s sandbox allows Indian fintech innovators to create globally competitive models while ensuring domestic regulatory alignment. Global investors are increasingly seeking markets that combine robust compliance with scalable rails, and India’s fintech ecosystem is uniquely positioned to deliver. Tokenised real-world assets are no longer a futuristic idea—they are becoming a core infrastructure layer for next-generation capital markets.
Keev Capital views these developments as a catalyst for start-ups integrating custody, compliance, and secondary-market capabilities into the fintech stack. From tokenised micro-loans to real-estate-backed instruments, the possibilities are vast, and regulatory clarity is accelerating adoption.
Conclusion and Call to Action
The rise of tokenised real-world assets represents a turning point for Indian fintech. RBI and IFSCA’s sandbox initiatives create a safe space for innovation while pushing the market toward fully regulated, high-liquidity digital assets. Companies that master custody, compliance, and secondary trading will define the backbone of India’s token economy, and early movers can claim defensible positions in global capital flows.
Keev Capital supports start-ups transforming financial infrastructure with tokenisation and compliance-first models. As sandboxes evolve into permanent frameworks, fintechs that plug into UPI and ONDC will drive the next wave of digital asset adoption. Founders exploring tokenised asset models can leverage Keev’s experience in fintech innovation and access to strategic guidance by connecting with our team to turn regulatory readiness into lasting market leadership.