India must build tokenisation infrastructure for mass-scale transactions: Nilekali

Nandan Nilekali has stressed that India requires a comprehensive tokenisation infrastructure capable of supporting population-scale transactions across the country. Speaking on the subject, Nilekali emphasised that such infrastructure must be built on foundational principles of interoperability, robust liquidity mechanisms and exceptional processing capacity.

The infrastructure framework, according to Nilekali, needs to accommodate transaction volumes at a scale commensurate with India's large population while simultaneously supporting diverse asset categories and varied use cases. This multi-faceted approach would enable seamless integration across different platforms and systems, ensuring that transactions can flow efficiently regardless of the underlying asset type or transaction purpose.

Liquidity considerations form another critical pillar of the proposed system. Nilekali's emphasis on liquidity suggests that tokenisation infrastructure must facilitate rapid conversion and movement of assets, preventing bottlenecks that could impede transaction efficiency or market functionality.

The focus on capacity aligns with India's digital payments evolution and growing financial inclusion agenda. A tokenisation infrastructure meeting these specifications would position India to handle significantly higher transaction volumes while maintaining system stability and performance standards across the financial ecosystem.