Strategic Expansion in Indian Fintech
Alt DRX, a pioneering Indian digital real estate marketplace, announced on May 5 the appointment of Manoj Kohli to its Advisory Board as a non-director advisor. This move signals a significant maturation for the asset tokenisation sector in India, transitioning the technology from niche pilot programs to a credible commercial reality.
The Weight of Institutional Experience
Manoj Kohli brings decades of experience to the advisory role, having previously served as the MD and CEO of Bharti Airtel and as the Country Head of SoftBank India. During his tenure at SoftBank, Kohli oversaw more than $15 billion in investments across major Indian entities, including Flipkart, OYO, and Zomato. His expertise in scaling operations across diverse global markets is expected to be instrumental as Alt DRX looks to expand its footprint beyond India.
Building a Governance Wall
The appointment of Kohli strengthens an already robust Advisory Board, which currently includes former SEBI Chairman GN Bajpai, former KPMG India CEO Richard Rekhy, and other senior veterans from the financial and corporate sectors. By assembling a team with deep experience in policy, regulation, and large-scale institutional growth, Alt DRX aims to establish a high level of trust for both retail investors and regulatory bodies.
Democratizing Real Estate Investment
Tokenisation allows for the fractional ownership of real estate assets, effectively lowering the barrier to entry for middle-class investors who were previously sidelined by high capital requirements. By leveraging blockchain technology and algorithmic pricing, Alt DRX aims to make housing—historically the most aspirational asset class in India—an accessible investment vehicle. This shift is intended to transform how real and financial assets are owned, traded, and democratised on a national scale.
Regulatory Aspirations and Global Reach
Alt DRX is not limiting its scope to the domestic market. The company has already secured a license from the Qatar Financial Centre as a Token Service Provider to facilitate B2B use cases in the Middle East. Furthermore, it is currently in discussions with the International Financial Services Centres Authority (IFSCA) in GIFT City to enable the tokenisation of USD-denominated offshore assets.
Market Impact and Future Outlook
With an Annual Recurring Revenue (ARR) of approximately Rs 35 crores and an annual transaction volume of 425,000, Alt DRX has demonstrated significant early commercial traction. The firm has successfully raised Rs 45 crores in growth capital, signaling strong confidence from marquee investors. As the company scales, market observers should monitor its progress in navigating India’s evolving fintech regulatory environment. The success of Alt DRX may serve as a bellwether for the broader adoption of real-world asset tokenisation, potentially influencing how future financial frameworks are designed to accommodate digital ownership models.
