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15 Oct 2026IFSCAInternational Financial Services Centres Authority (Good Delivery) Guidelines, 202612 Oct 2026IFSCAPress Release on Formation of Technical Working Group on CICs in IFSC06 Oct 2026IFSCAIFSCA successfully organised Conference on Consumer Awareness and Protection in the Digital Era during IOSCO World Investor Week 202605 Oct 2026IFSCAMessage from Shri K. Rajaraman, Chairperson, IFSCA, on the occasion of the 10th edition of IOSCO World Investor Week 202630 Sep 2026IFSCAComments received in response to the Consultation Paper on Mapping of Services Accounting Codes (SAC) and Introduction of Foreign Currency Expense Reporting for IFSC Units under SERF and MPR12 Oct 2026RBIRisk Management and Inter-Bank Dealings10 Oct 2026RBIRisk Management and Inter-Bank Dealings10 Oct 2026RBIRisk Management and Inter-Bank Dealings - Foreign Exchange Risk Reserve15 Oct 2026SEBIReview of certain aspects of the Closing Auction Session, market timings and settlement methodology for derivatives contracts07 Oct 2026SEBIReview of provisions related to International Securities Identification Number (ISIN) for debt securities issued on private placement basis07 Oct 2026SEBIExemption from the requirement of mandatory merchant banker appointment for debt issued through private placement by certain listed issuers21 Sep 2026CBDTNotification No. 3 of 2026 – registration of reporting entity and Form No. 9809 Sep 2026IBBIDue diligence by Insolvency Professionals regarding misuse of the IBC framework01 Sep 2026CBDTNotification No. 114/2026 – Foreign Assets of Small Taxpayers Disclosure Scheme, 2026LiveSEZ IndiaLatest SEZ instructions, rules and notificationsLiveMCALatest circulars and notifications under the Companies Act and LLP ActLiveGSTLatest GST notifications, circulars and portal advisoriesLiveCBICLatest customs and indirect tax circulars and notificationsLiveICEGATELatest customs EDI advisories and system noticesLiveDGFTLatest DGFT notifications, public notices and trade noticesLiveIRDAILatest IRDAI circulars, regulations and master circularsLivePFRDALatest PFRDA circulars and regulationsLiveFIU-INDLatest FIU-IND advisories and FINnet reporting guidanceLiveNCLTLatest NCLT notices, cause lists and practice directionsLiveIndia INXLatest member circulars from India International ExchangeLiveNSE IFSCLatest member circulars from NSE International ExchangeLiveIIBXLatest bullion exchange circulars and member noticesLiveICAILatest ICAI announcements and pronouncementsLiveICSILatest ICSI announcements and secretarial standardsLiveInvest IndiaLatest policy and investment facilitation updatesLiveGovt. of GujaratLatest state industrial and IT / ITeS policy updates15 Oct 2026IFSCAInternational Financial Services Centres Authority (Good Delivery) Guidelines, 202612 Oct 2026IFSCAPress Release on Formation of Technical Working Group on CICs in IFSC06 Oct 2026IFSCAIFSCA successfully organised Conference on Consumer Awareness and Protection in the Digital Era during IOSCO World Investor Week 202605 Oct 2026IFSCAMessage from Shri K. Rajaraman, Chairperson, IFSCA, on the occasion of the 10th edition of IOSCO World Investor Week 202630 Sep 2026IFSCAComments received in response to the Consultation Paper on Mapping of Services Accounting Codes (SAC) and Introduction of Foreign Currency Expense Reporting for IFSC Units under SERF and MPR12 Oct 2026RBIRisk Management and Inter-Bank Dealings10 Oct 2026RBIRisk Management and Inter-Bank Dealings10 Oct 2026RBIRisk Management and Inter-Bank Dealings - Foreign Exchange Risk Reserve15 Oct 2026SEBIReview of certain aspects of the Closing Auction Session, market timings and settlement methodology for derivatives contracts07 Oct 2026SEBIReview of provisions related to International Securities Identification Number (ISIN) for debt securities issued on private placement basis07 Oct 2026SEBIExemption from the requirement of mandatory merchant banker appointment for debt issued through private placement by certain listed issuers21 Sep 2026CBDTNotification No. 3 of 2026 – registration of reporting entity and Form No. 9809 Sep 2026IBBIDue diligence by Insolvency Professionals regarding misuse of the IBC framework01 Sep 2026CBDTNotification No. 114/2026 – Foreign Assets of Small Taxpayers Disclosure Scheme, 2026LiveSEZ IndiaLatest SEZ instructions, rules and notificationsLiveMCALatest circulars and notifications under the Companies Act and LLP ActLiveGSTLatest GST notifications, circulars and portal advisoriesLiveCBICLatest customs and indirect tax circulars and notificationsLiveICEGATELatest customs EDI advisories and system noticesLiveDGFTLatest DGFT notifications, public notices and trade noticesLiveIRDAILatest IRDAI circulars, regulations and master circularsLivePFRDALatest PFRDA circulars and regulationsLiveFIU-INDLatest FIU-IND advisories and FINnet reporting guidanceLiveNCLTLatest NCLT notices, cause lists and practice directionsLiveIndia INXLatest member circulars from India International ExchangeLiveNSE IFSCLatest member circulars from NSE International ExchangeLiveIIBXLatest bullion exchange circulars and member noticesLiveICAILatest ICAI announcements and pronouncementsLiveICSILatest ICSI announcements and secretarial standardsLiveInvest IndiaLatest policy and investment facilitation updatesLiveGovt. of GujaratLatest state industrial and IT / ITeS policy updates
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Tokenisation & digital assets

A tokenisation framework has not yet been notified. The live route is the IFSCA FinTech Sandbox — and the underlying product stays regulated as what it is.

IFSCA — inside GIFT IFSC

  • IFSCA issued a consultation paper on tokenisation of real-world assets in February 2025; a final framework has not yet been notified
  • IFSCA has been explicit that this is distinct from cryptocurrencies, crypto assets, CBDCs and NFTs, which it does not regulate or permit
  • The live route is the IFSCA FinTech Sandbox Framework of 16 March 2026, which supersedes the 2022 FinTech Entity framework and lists tokenisation among eligible use cases
  • Four tracks — regulatory sandbox, innovation sandbox, inter-operable sandbox and overseas referral via the FinTech Bridge
  • Platform and infrastructure providers may instead register under the IFSCA (TechFin and Ancillary Services) Regulations, 2025
  • Until a framework is notified, a tokenised fund, bond or receivable is regulated as the underlying product, with the ledger wrapper tested in the sandbox

SEBI — the domestic market

  • SEBI has not notified a general framework for tokenised securities; a tokenised instrument is regulated as the security, unit or product it represents
  • Electronic Gold Receipts are the closest live analogue — gold held with a vault manager, issued as a depository-held instrument and regulated as a security under SEBI's Master Circular for EGRs
  • SEBI has permitted distributed ledger technology for a defined purpose — 'Security and Covenant Monitoring' using DLT, with operational guidelines issued for depositories, debenture trustees, issuers and credit rating agencies
  • The SEBI Regulatory Sandbox and Innovation Sandbox are the routes for testing a DLT-based product in the domestic market
  • Crypto assets and virtual digital assets are not a SEBI-regulated product class
  • Cross-listing or mirroring the same instrument across GIFT IFSC and the domestic market raises separate questions under FEMA and the securities regulations — we assess both before you commit to a structure

How we help

  • Perimeter assessment — whether your instrument is a regulated security, fund unit or financial product, and which IFSCA regulations apply
  • Sandbox track selection on either side, application drafting, and IFSCA or SEBI liaison through to authorisation
  • Structuring the GIFT IFSC issuer or fund vehicle that sits behind the token
  • TechFin and Ancillary Services registration for platform and infrastructure providers
  • Tax characterisation opinion — whether a token falls within the wide virtual digital asset definition in s.2(111) of the Income-tax Act, 2025, and the consequences under s.194 and s.393(1), formerly s.115BBH and s.194S
  • Custody, AML/CFT, KYC and data protection framework design, aligned to the DPDP Act, 2023
  • Governance, smart contract risk and settlement finality documentation
Our position, plainly. Both regulators are at the consultation and sandbox stage — IFSCA for the IFSC, SEBI for the domestic market. DIFC, ADGM, Singapore (Project Guardian) and Hong Kong (Project Ensemble) are further along on codified regimes — but no peer centre offers a single regulator across banking, capital markets, funds, insurance and bullion. We will tell you what is permitted today, not what may be permitted later.
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Get in touch

Let’s map your route — with RRBP

Whether you are setting up a new IFSC unit, restructuring an existing one, or need ongoing compliance support for a regulated entity in India or a group company overseas — we would be glad to talk.

Book a consultation cs@rrbp.in