Maharashtra to enact law for blockchain tokenisation of land and property

Speaking at the Global Fintech Fest 2026, held at the Jio Centre in Mumbai's Bandra-Kurla Complex, Chief Minister Devendra Fadnavis said the Maharashtra government is fully committed to taking new digital financial technology to ordinary citizens, farmers, women entrepreneurs, startups and micro, small and medium enterprises. He said agentic AI and quantum technology would give financial inclusion a new direction.

The event was attended by Global Fintech Fest 2026 chairman Kris Gopalakrishnan, National Payments Corporation of India executive director Sohini Rajola, and the Chief Minister's investment advisor Kaustubh Dhavse.

Fadnavis said that at last year's fest, a resolution had been taken to make Maharashtra the country's first "tokenised state". He said the state government has begun work on drafting the framework of the "Maharashtra Digitisation and Exchange of Land Token Asset Act (DELTA Act)". The law will create the legal framework needed for blockchain-based tokenisation of land and immovable property. SEBI, the BSE and the NSE, along with experts from industry, technology, law and education, are being involved in the process. He said tokenisation is the process by which capital locked up in immovable property can be converted into productive economic opportunities, which will increase transparency, bring liquidity, and put idle property to use for economic development.

The Chief Minister said Mumbai, besides being the country's financial capital, is now also rapidly emerging as the world's rising fintech capital. This year's fest theme is "Potential of Impact", reflecting the need to turn the potential of technology into real results.

India has set an example for the world through UPI. He said the next stage now requires the democratisation of credit, investment, ownership and financial information. Fadnavis said whether it is industries in Kolhapur, farmers in Vidarbha or women entrepreneurs in Pune, new technology has the power to give all of them the same quality of financial information and services as large financial institutions. On agentic AI, he said that going forward, an entrepreneur's AI assistant would be able to identify their needs and suggest the right financial options, and farmers would be able to get financial advice in their mother tongue. However, he made clear that even as AI works for citizens, ultimate control must remain in the hands of citizens themselves.

Fadnavis said Mumbai provides the country's largest financial ecosystem, Pune is a centre for technical and engineering skills, while Navi Mumbai is emerging as a new hub for data, infrastructure and global connectivity. He appealed to industry and the technology sector to see Maharashtra not merely as a market but as a laboratory for new ideas, and said the government would fully support large-scale testing of innovative ideas in areas such as agriculture, MSMEs, urban development, health, mobility, financial inclusion, fraud prevention and public finance management.

The Chief Minister said that under the leadership of Prime Minister Narendra Modi, India has set a new example of digital financial infrastructure before the world, and the world is now watching to see what new financial revolution India brings next. He said he was confident Maharashtra would remain at the forefront of this change and become the largest "real world testbed" for the country's next generation of fintech solutions. On this occasion, an agreement on expansion in BKC between MMRDA and SEBI, the National Stock Exchange and the Enforcement Directorate was also handed over in the presence of Fadnavis.