Why LiquiCo Markets is domiciled in GIFT IFSC — not mainland India.
This is about where the platform is registered, not who can invest. Indian residents are welcome on this rail — they participate under the RBI's Liberalised Remittance Scheme (LRS), with a cap of USD 250,000 per person per financial year.
Why LiquiCo Markets cannot be registered in mainland India
Tokenised securities issued from a special-purpose vehicle, denominated in USD, listed on a regulated venue, and made available to non-residents and global institutions, simply do not have a complete onshore regulatory wrapper in mainland India today. SEBI's frameworks cover listed and unlisted Indian-rupee securities; they were not built for USD-denominated tokenised debt with NRI / FPI / IFSC-resident participation alongside Indian residents.
GIFT IFSC — India's International Financial Services Centre — is the jurisdiction Parliament purpose-built for exactly this kind of cross-border, foreign-currency capital-markets activity. It sits inside India, but operates as a foreign-currency jurisdiction under a single unified regulator (IFSCA) with rulebooks that explicitly contemplate tokenised securities, fund administration, custody, and listing.
What this means for an Indian resident
- You can open an account on LiquiCo Markets.
- You fund your subscriptions in USD from an LRS-compliant outward remittance through your bank.
- The aggregate USD you remit during a financial year — across all overseas investments — must stay within the LRS cap of USD 250,000.
- You retain Indian tax-residency obligations: foreign asset reporting, gains taxation, and TCS on the outward remittance apply per current rules.
Who else is eligible
- Non-Resident Indians (NRIs) — no LRS ceiling, foreign-currency funded.
- Foreign Portfolio Investors (FPIs, including Cat-I).
- IFSC-resident investors and IFSC-domiciled funds.
- Global accredited and institutional investors.
Simulation only — this is an explanatory note, not tax, legal, or investment advice. Confirm LRS eligibility, TCS treatment, and reporting obligations with your authorised dealer bank and tax advisor before remitting.
For onshore-INR retail debt products built for the SEBI perimeter, see the main LiquiCo retail products.