Jio Platforms Receives IPO Approval; Launched Polygon-Based JioCoin Last Year

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Release Time: 2026/08/28 12:24:23

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Summary

Jio Platforms, the digital division of Reliance Industries, has received SEBI approval to proceed with its IPO, according to on-chain news. The company, led by Mukesh Ambani, launched JioCoin on the Polygon blockchain last year. The token, used as a reward, is reportedly integrated into Jio’s JioSphere browser. Last week’s exchange hack at a major platform underscored rising security concerns in the crypto space. Jio Platforms’ initiative may indicate growing institutional interest in blockchain-based services.

Odaily Planet Daily reports: Jio Platforms, the digital and telecommunications arm of Reliance Industries Limited, owned by billionaire Mukesh Ambani, has received regulatory approval, clearing a key hurdle for its long-awaited initial public offering (IPO). According to the Securities and Exchange Board of India (SEBI) website, the regulator issued an observation letter to Jio Platforms during the week ending August 28, indicating that the company is now authorized to proceed with its IPO. (Bloomberg)

Jio Platforms' IPO plans have consistently drawn significant market attention. Last year, the company launched JioCoin, a reward token built on the Polygon blockchain. Community users have reported that the token has been integrated into Jio's web browser, JioSphere.

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