Bybit calls for tokenisation boost in India fintech push

Bybit's global head of policy, Mykolas Majauskas, called for wider use of tokenisation in India's financial sector during discussions on the country's ambition to build a USD $1 trillion fintech economy.

He argued that tokenisation of real-world assets could broaden access to investment products through fractional ownership. Blockchain-based financial infrastructure, he said, could also help close gaps in access to capital, particularly for retail investors and underserved parts of the market.

The discussion focused on tokenised versions of assets such as real estate, infrastructure and private market holdings. By converting those assets into digital instruments that can be transferred more easily, tokenisation is promoted by parts of the digital asset industry as a way to improve liquidity in markets that have traditionally been difficult to access.

India formed the backdrop to the discussion because of its expanding digital economy, growing retail investor base and established digital public infrastructure. Majauskas said those factors could position the country to play a larger role in the development of tokenised capital markets.

Access to capital

The debate reflects a wider push across financial technology groups to link blockchain systems with conventional assets. Supporters say the model can lower minimum investment sizes and widen participation, while policymakers and regulators continue to examine how such products should be governed.

Majauskas also stressed the role of regulation in shaping the market's development. Governments and regulators, he said, should examine the long-term economic effects and financial inclusion implications of tokenisation frameworks, alongside the safeguards needed for responsible adoption.

Public and private sector coordination will be central to that process, particularly as markets test how tokenised assets fit within existing financial rules. The issue has become more prominent as countries assess digital asset policy while trying to encourage fintech growth without weakening investor protections.

Bybit used the discussion to argue that digital asset infrastructure can sit alongside broader financial reform efforts. It said tokenisation could support a more inclusive financial system by making a wider range of assets available to smaller investors.

India focus

India has become an important market in global fintech discussions because of the scale of its digital adoption and the speed at which new financial products are reaching consumers. Industry executives increasingly point to the country as a test case for how digital infrastructure and policy frameworks might shape the next phase of financial services.

During the discussions, Majauskas framed tokenisation as part of that shift. "India continues to emerge as one of the most dynamic fintech markets globally, supported by strong digital infrastructure, growing retail participation, and rapid innovation. Tokenization has the potential to expand access to capital markets and create more inclusive financial ecosystems. Meaningful collaboration between policymakers, industry stakeholders and technology leaders will be essential in enabling responsible innovation and unlocking long-term value for the broader economy," said Mykolas Majauskas, Global Head of Policy, Bybit.

Bybit also said it met senior figures from Karnataka's digital economy network and other policymakers during the summit discussions. Those exchanges focused on possible areas of collaboration across fintech policy, digital asset infrastructure and the development of tokenised finance.

Its comments add to a broader industry debate over whether tokenised assets can move from pilot projects and limited use cases into mainstream financial markets. That debate is likely to hinge not only on investor demand and market design, but also on whether regulators decide tokenised structures can operate safely within established financial systems.