India’s Blockchain Strategy: National Tokenisation to Upgrade Financial Infrastructure

India’s Economic Advisor Engages with Polygon to Explore Tokenisation and State-Backed Digital Assets

Sanjeev Sanyal, the economic advisor to Prime Minister Narendra Modi, recently held a high-level discussion in New Delhi with top representatives from Polygon Labs and fintech company Anq Finance. The meeting aimed to outline the next steps for India’s blockchain and digital asset roadmap. The conversation

, government-issued digital currencies, and how blockchain technology could be woven into India’s financial system, highlighting a strategic shift toward adopting decentralized solutions for national modernization.

An important topic at the meeting was the potential to tokenise government-backed financial products and create digital assets linked to sovereign guarantees.

Polygon and Anq Finance introduced a blockchain-based financial tool called the Asset Reserve Certificate (ARC), which would be secured by Indian government securities like Treasury Bills and G-Secs. This approach seeks to deliver a reliable digital settlement mechanism underpinned by sovereign assurances, moving away from dependence on privately managed stablecoins. , it could bring greater transparency, lower settlement risks, and make transactions more efficient throughout India’s financial sector.

Attendees highlighted the advantages of tokenisation, such as quicker settlements, better interoperability, and increased market effectiveness. Nonetheless, the talks also stressed the importance of strong regulatory frameworks and integration with the current financial infrastructure. As India rapidly embraces digital public goods,

of tangible assets represents a major move toward updating the nation’s financial systems.

This initiative demonstrates India’s broader commitment to expanding its use of blockchain-based infrastructure, moving from experimental projects to comprehensive strategies. As the country reviews central bank digital currency (CBDC) models, upgrades cross-border payment solutions, and grows its digital identity systems,

such as Polygon could be crucial in building secure and scalable tokenisation frameworks. This mirrors a global movement where governments are increasingly considering tokenisation to strengthen economic stability and improve capital market operations.

For Polygon Labs, this engagement further establishes its role as a leading technology partner in one of the world’s fastest-growing digital economies. The company’s blockchain expertise positions it to assist India in developing financial systems that connect conventional and digital finance through interoperable solutions.

between government bodies and tech firms will be essential for addressing regulatory challenges and ensuring institutions are prepared for change.

Looking forward, the results of these talks may influence future policies on digital asset adoption, tokenised government bonds, and blockchain-powered settlement platforms. This meeting marks a key step in India’s strategy to integrate traditional finance with advanced digital infrastructure,

to widespread tokenisation across the nation’s economy.