Mumbai, Maharashtra, 13th of September, 2026 : RealX and MST Blockchain, in partnership with Liminal, have launched ‘The Box’ to give a new direction to the tokenization of real-world assets in India. This indigenous infrastructure stack brings together legal, marketplace and blockchain capabilities to enable the development of compliant tokenized asset platforms in India.
Under the initiative, RealX’s RedBox is a Platform-as-a-Service solution through which real estate developers can offer tokenized properties through their own brands and customer channels. WhiteBox, meanwhile, will enable startups, corporates and asset businesses to build their own branded RWA platforms.

Manish Kumar, Co-founder and CEO of RealX, said, “Tokenization is not merely a technology problem; it is also a problem of legal enforceability. Challenges related to property ownership documents cannot be resolved through code alone.”
Pramod Borate, Founder Director of MST Blockchain, said that it is essential to develop blockchain as practical infrastructure for governments, enterprises and institutions. Manhar Garegrat, India Head at Liminal, said initiatives such as ‘The Box’ are laying the foundation for tokenizing and managing real-world assets with greater trust.

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