Indian regulatory agencies are focusing on the application of blockchain in "asset tokenization and programmability".

Indian financial regulatory agencies are actively promoting the integration of distributed ledger technology (DLT), namely blockchain technology, with a focus on asset tokenization, digital programmability, and market efficiency enhancement. The Reserve Bank of India (RBI) and the Securities and Exchange Board of India (SEBI) are leading this progressive strategy, emphasizing the use of permissioned blockchain systems in a regulated environment.