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From UPI to tokenised assets: Is India building the next generation of financial infrastructure?

Published

7 October 2026

Topic

technology

◆ Sectors

Fintech

◆ Geography

India

◆ Source

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Fusion42 · 7 October 2026 · Fusion42 review

India is evolving its financial infrastructure by expanding from instant payments through UPI to tokenising financial assets such as bonds and real estate, aiming for a programmable ecosystem that includes legal clarity, interoperability, and institutional trust.

This Wire brief sits within Fusion42's coverage of Fintech.

◆ ◆ The Wire takeaway

India’s move to tokenise assets signals a broad opening for fintech founders to build on a programmable financial network rather than just payments. You need to align with emerging legal and interoperability standards or risk building for a system that stays pilot-only.

◆ Coverage

1 source · 7 Oct 2026

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◆ Topics

Fintechtokenisationfinancial-infrastructureCBDCSEBIUPIdigital-assets