- Argentina’s CNV approved regulated RWA tokenization for trusts and funds. Assets trade exclusively on licensed VASP platforms under new rules.
- A 1-year sandbox starts now: issuers can tokenize approved RWAs. Afterward, new offerings stop but existing tokens stay valid.
Argentina’s National Securities Commission (CNV) approved final rules for tokenizing real-world assets (RWAs) today. Resolution 1069 establishes a framework for digital representation of financial trusts and closed-end investment funds. This follows a public consultation period ending May 24th.
The regulation operates under Law 27.739. It creates a legal pathway for tokenizing non-tradable assets like real estate or 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.
“This is the first part of the regulation, which went out for public consultation with General Resolution No. 1060, and it is fundamental as it puts our country once again at the forefront of the region and the world,” commented CNV President Roberto E. Silva.
A one-year regulatory sandbox starts immediately. Issuers may tokenize eligible assets during this period using CNV-approved platforms. After the sandbox ends, new tokenized offerings halt. Existing tokens remain valid, though untokenized approvals expire after 24 months.
Platforms must disclose asset terms in issuance documents. VASPs handle custody and trading under CNV oversight. Roberto Silva, CNV President, confirmed public feedback shaped the rules. A second regulatory phase addressing other asset types is under review.
Silva stated this positions Argentina among early adopters of asset tokenization frameworks. The Argentine Fintech Chamber had proposed a similar sandbox model six months prior.
The rules clarify three operational requirements:
- Asset-backing documentation for all tokens
- Real-time settlement through VASP systems
- Mandatory disclosure of redemption procedures
This initial phase excludes publicly traded securities and derivatives. Analysts observe it enables fractional ownership of high-value assets like farmland or machinery. Traditional finance entities may now develop tokenized products under CNV supervision. Market participants await further guidelines covering debt instruments and intellectual property rights.
