Maharashtra Explores Tokenization of Power Assets for Public Investment

Maharashtra is developing a policy framework that could allow parts of its electricity transmission infrastructure to be tokenized, potentially giving citizens an opportunity to invest in public assets and participate in income generated by them.

CoinMarketCap reported the initiative, citing a proposal under development by the Indian state. The plan would extend asset tokenization beyond conventional financial products into physical infrastructure, with electricity transmission lines emerging as a potential early use case.

Maharashtra Targets Infrastructure Financing Through Tokenization

Praveen Pardeshi, chief executive of the Maharashtra Institution for Transformation (MITRA) and chief economic adviser to the chief minister, markets has outlined a proposal under which selected transmission assets could be represented through digital tokens. The initiative is intended to create an additional mechanism for raising capital while allowing investors to gain exposure to infrastructure-linked revenues.

The proposal comes as Maharashtra works to expand renewable energy and storage capacity. The state’s Renewable Energy & Energy Storage Policy 2025-26 to 2035-36 is already focused on increasing renewable generation and strengthening the infrastructure needed to integrate that power into the grid.

The Central Electricity Authority has also examined conventional monetization of transmission assets, including questions around revenue certainty and taxation. That broader policy discussion provides relevant infrastructure-financing context for Maharashtra’s exploration of token-based models.

Tokenized Public Assets Face Regulatory Questions

Maharashtra’s initiative remains at the policy-development stage. The state has not yet published a finalized framework specifying which transmission assets would be eligible, how tokens would be structured, or what investor protections and trading mechanisms would apply.

The state is also preparing the Maharashtra Digitisation and Exchange of Land Token Assets Act, known as the DELTA Act, to establish a legal framework for blockchain-based tokenization of property and other assets. Recent reporting indicates that the proposed legislation is intended to support broader asset digitization and tokenization rather than focusing exclusively on electricity infrastructure.

For the digital-asset sector, the proposal is significant because it moves real-world asset tokenization into the domain of government infrastructure financing. Its eventual implementation will depend on the legal structure, regulatory approvals, asset-selection criteria and mechanisms used to distribute income to token holders.

The next major development will be the publication of a formal policy or legal framework clarifying how Maharashtra intends to tokenize public infrastructure and how citizen investors would obtain and exercise economic rights associated with those assets.

Writer: Victoria Hale
Technology & Blockchain Writer

Victoria Hale writes about blockchain technology, digital infrastructure, and the intersection of emerging technologies with finance. Her articles explore how new protocols and systems are shaping the evolving digital economy.

She prioritises clarity and accuracy when explaining technical developments to a general audience.