India's GIFT City to launch regulated asset tokenization platform

India's International Financial Services Centre (IFSC), GIFT City in the state of Gujarat, is preparing to launch the first regulated real-world asset tokenization (RWA) platform in January 2024. India positions GIFT City as a competitor to Singapore and Dubai. A spokesperson for the IFSCA regulatory agency of GIFT City said that the first tokenized asset category will be real estate, but art, aircraft, and ships are also on the agenda.