[Indian MP Raghav Chadha Proposes Dedicated Tokenization Bill to Empower Real-World Assets] Indian Aam Aadmi Party MP Raghav Chadha has proposed a 'Tokenization Bill' in the Rajya Sabha, aiming to establish a legal framework to leverage blockchain technology for empowering real-world assets (RWAs). Chadha emphasized that the core of the proposal is to achieve financial democratization through fractional ownership of assets and called for the creation of a regulatory sandbox for companies to experiment with tokenization products. The bill seeks to clearly define the legal status of tokenized assets to prevent risks such as sovereign data loss and unregulated trading of assets on foreign networks due to the lack of domestic regulations.