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Telangana Government Collaborates with Prominent Organizations for Blockchain Development

The government of Telangana state in India has partnered with several organizations, including the World Economic Forum and the Indian Blockchain Forum, to strengthen the blockchain and Web3 ecosystem. The joint venture aims to establish a standard framework for asset tokenization that will enable the tokenization of various assets while safeguarding the interests of investors and consumers.

The framework is expected to foster innovation and growth in the industry. The Telangana ITE&C department principal secretary, Jayesh Ranjan, emphasized the importance of the framework in providing clarity for businesses and investors interested in adopting asset tokenization.

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