Argentina's National Securities Commission (CNV) has approved final rules for the tokenization of real-world assets, establishing a new legal framework for the digital representation of financial trusts and closed-end investment funds.
New Tokenization Rules
Resolution 1069 creates a legal pathway for tokenizing non-tradable assets such as real estate and commodities. Tokenized assets must trade exclusively on registered Virtual Asset Service Provider (VASP) platforms. Investors cannot withdraw tokens to private wallets but may exchange them for traditional asset forms anytime.
Regulatory Sandbox and Validity Period
A one-year regulatory sandbox begins immediately, during which issuers may tokenize approved assets using CNV-approved platforms. After the sandbox ends, new tokenized offerings will halt, though existing tokens will remain valid.
Operational Requirements and Future of Tokenization
Platforms must disclose asset terms in issuance documents. VASPs are responsible for custody and trading under CNV oversight. Observers note this enables fractional ownership of high-value assets like farmland or machinery. The next regulatory phase will address other asset types.
These measures emphasize Argentina's commitment to advanced financial technologies and open new opportunities for traditional financial institutions to create tokenized products.
