Mumbai : The Maharashtra Institution for Transformation
(MITRA) has taken a major step toward implementing the Hon’ble Chief Minister
Devendra Fadnavis’ vision of a state-wide Asset Tokenization Framework, aimed
at unlocking nearly ₹50 trillion worth of public and private assets. In a
significant development, MITRA has entered into a strategic partnership with
Infraledger Labs (Venkateshwara Advisory Private Limited), a global blockchain
infrastructure company with operations across India, UAE, Singapore, and the U.S.,
and with more than $1 billion worth of real-world assets tokenized worldwide.
The Memorandum of Understanding (MoU) was
signed by Sunil Sharma, CEO, Infraledger Labs, and Aman Mittal, Joint CEO,
MITRA. The ceremony was graced by senior government and regulatory officials,
including Shree Praveen Pardeshi, Chief Economic Advisor to the Chief Minister,
Maharashtra & CEO, MITRA, Executive Directors and General Managers from
SEBI ,Chairman of REITs/InvITs, as well as a World Bank delegation.
Under the MoU, both sides will collaborate to
pilot blockchain-based land registry solutions and tokenization of public
assets. The partnership covers designing secure asset registries, verification
frameworks, and data governance models, along with conducting technical
research and providing policy advisory to ensure alignment with central
financial authorities. The collaboration also includes developing digital
ledger systems aimed at improving transparency, enhancing revenue generation,
and upgrading citizen services across the state.
Through this initiative, MITRA aims to explore
how tokenization and digital workflows can help Maharashtra optimize revenue,
reduce systemic leakages, strengthen compliance, and expand financial access at
the district level. Maharashtra is now the first Indian state to commit to a
comprehensive blockchain and asset tokenization roadmap, aligning itself with
global technological trends in public governance. This initiative is expected
to accelerate asset monetization cycles, improve auditability of public
records, and prepare the state for future regulatory sandboxes and digital
governance reforms.
Speaking on the occasion, Sunil Sharma, CEO,
Infraledger Labs, said: “We are honored to partner with MITRA during this
transformative moment for Maharashtra. Tokenization is not just a technological
milestone—it is a framework to unlock capital, improve public services, and
build the next generation of digital governance. Our global experience in
tokenizing over $1 billion worth of assets will directly support Maharashtra’s
long-term vision.”
Website: https://infraledgerlabs.com/
CEO Profile: https://www.linkedin.com/in/sunilsharma93/
