Indian state Maharashtra eyes tokenized power grid funding

India’s Maharashtra state has begun preparing policies to tokenize up to 50% of selected electricity transmission assets to finance new power lines and solar energy storage facilities. Summary Maharashtra may tokenize 40% to 50% of selected transmission lines. Token holders could receive part of the revenue generated by Maharashtra Transco. Proceeds could finance new transmission capacity and solar power storage centers. The proposed DELTA Act would cover blockchain-based property tokenization across the state. Maharashtra considers tokens tied to power revenue Praveen Pardeshi, chief economic adviser to Maharashtra Chief Minister Devendra Fadnavis and CEO of the Maharashtra Institution for Transformation, outlined the plan at The Box Launch, an invitation-only event held at the World Trade Center in Mumbai. Real estate tokenization company RealX and MST Blockchain hosted the event, where Pardeshi described how Maharashtra could use digital tokens to raise money against revenue-producing state assets without selling the assets outright. Under one possible structure, the state could tokenize 40% to 50% of an electricity transmission line. Investors who purchase the tokens would then...