Nandan Nilekani unveils three tokenisation pilots at Global Fintech Fest 2026

Nandan Nilekani, speaking at the Global Fintech Fest 2026, said regulators and central banks were concerned about the rise of cryptocurrencies and stablecoins and the potential risks if they were not adequately regulated.

“Because from a central bank regulator’s perspective, they were worried about the rise of cryptocurrency and stablecoins, and their view was that if these things are not regulated well, then you could have all kinds of issues,” Nilekani said.

He said regulators therefore wanted to use the power of tokenisation within a regulated framework, with the necessary checks and balances. Nilekani co-authored a paper on the subject, which was published in 2024.