The CNV, Argentina’s national securities watchdog, has made history by expanding the tokenization regime to include the digitalization of both national and foreign stocks in the country, marking a significant milestone in Latin America.
Argentina Leads the Way in Tokenizing Stocks
As countries worldwide race to integrate digital assets into their financial systems, Argentina is taking a bold step forward. The CNV recently passed General Resolution 1081, paving the way for the use of decentralized technology in securities trading.
The resolution allows for the issuance of national and foreign stocks, as well as other securities like financial trusts and shares in closed-end mutual funds, through decentralized technologies such as blockchain. This move ensures legal recognition from both public and private entities.
Under the new rules, existing assets can be tokenized for trading, liquidation, and issuance. Virtual asset service providers will play a key role as depositaries, ensuring compliance with anti-money laundering regulations.
The CNV has set up a regulatory sandbox for testing this new framework until August 21, with the possibility of extension based on results. Roberto E. Silva, President of the CNV, emphasized the significance of this development, calling it a groundbreaking move for Argentina and the region.
Silva highlighted the institution’s commitment to innovation and regulatory excellence, positioning Argentina at the forefront of global regulatory processes in the capital market.
For more information, check out the official announcement: Argentine Securities Regulator Launches Innovative Tokenization Framework