Michaela
Argentina has launched a yearlong regulatory sandbox to pilot asset tokenization—including stocks—positioning the country as a regional leader in crypto innovation, according to the national securities regulator (CNV).
Argentina’s securities watchdog, the CNV, outlined that its new tokenization framework will cover a broad range of financial instruments. These include full or partial digital representations of publicly offered assets such as shares—whether singly or dually listed—negotiable bonds, closed-end mutual fund shares, debt securities, and participation certificates from financial trusts.
To support the rollout, Argentina’s securities regulator will implement a one-year sandbox structure, allowing real-world testing of tokenized asset offerings. During this period, the CNV will conduct a public consultation to identify and address potential risks, operational hurdles, and regulatory gaps before finalizing long-term rules.
Under the new framework, registered virtual asset service providers (VASPs) will handle the market launch of tokenized securities, operating under a general digitization permit rather than seeking individual approvals. The simplified process removes the need for special authorization, streamlining digital issuances within the sandbox environment.
“We are proud to present this groundbreaking regulation in our country. We believe that in addition to being a milestone in our administration at the CNV, it will also be a milestone in the history of the Argentine capital market,” Roberto Silva, President of the CNV, stated when talking to local media. “After regulating PSAVs and working for many months, we are presenting the Tokenization regime, which places Argentina at the forefront of the most developed countries and as a regional beacon,” he added.
Silva concluded by expressing optimism that feedback from the public consultation will help shape a well-rounded and effective regulatory framework.
The framework simplifies the process by removing the need for additional public offering approvals for each tokenized asset, provided that initial authorization has been granted. Investors holding digital representations will retain full ownership rights and may convert them back into traditional formats at any time.
Once the sandbox period ends, no new tokenized issuances will be allowed under this program, although existing ones will remain valid. If a tokenized security isn’t digitized within two years of its approval, it will no longer qualify under the regime.
The CNV views the move as a landmark step toward modernizing the country’s capital markets and deepening its commitment to digital innovation.
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Michaela has no crypto positions and does not hold any crypto assets. This article is provided for informational purposes only and should not be construed as financial advice. The Shib Magazine and The Shib Daily are the official media and publications of the Shiba Inu cryptocurrency project. Readers are encouraged to conduct their own research and consult with a qualified financial adviser before making any investment decisions.
