New Tokenization Regime for Real-World Assets

The Argentine Securities Commission (CNV) issued General Resolution 1069, which regulates the tokenization regime applicable only to financial trusts and closed-end mutual funds with public offerings, with underlying assets composed of real-world assets (RWA) or other eligible assets that are not marketable securities traded on authorized markets in Argentina.

Through this Resolution, the CNV initially incorporates the digital representation of certain marketable securities as a specific category within the tokenization process, to ensure that operations involving these instruments meet conditions of security, immutability, verifiability, fungibility, integrity, transferability, and traceability.

Digitally represented marketable securities will have functional equivalence to their traditional representations. Further, marketable securities that have been issued exclusively in traditional formats may apply before the CNV for digital representation, without requiring a new public offering authorization.