Why India Needs A Tokenisation Bill To Transform Middle-Class Wealth | Raghav Chadha Explains

Aam Aadmi Party MP Raghav Chadha on Tuesday made a strong pitch in Parliament for a Tokenisation Bill, arguing it could unlock better returns for India’s middle class through modern financial innovations. Speaking during a discussion on supplementary demands for grants in the Rajya Sabha, Chadha said investment in India is overtaxed and long-term savings are unfairly treated as short-term speculation. He called for higher tax-free limits on bank interest, tax concessions on long-term fixed deposits, and a bespoke tokenisation framework using blockchain technology to enable fractional ownership of assets like real estate and infrastructure. Chadha said such reforms would democratise wealth creation and promote patient capital in India’s economy.