---
title: "Asset tokenization in Argentina: the CNV regime, the sandbox and how to issue"
url: "https://www.unknowngravity.com/en/articulos/asset-tokenization-in-argentina"
site: Unknown Gravity
published: "2026-08-17T09:34:33+00:00"
modified: "2026-10-13T10:57:45+00:00"
language: en
description: "How Argentina's CNV tokenization regime works: which securities can be tokenized, the role of PSAVs, the regulatory sandbox and how to structure an issuance."
section: "Home > Blog > Asset tokenization in Argentina: the CNV regime, the sandbox and how to issue"
---

# Asset tokenization in Argentina: the CNV regime, the sandbox and how to issue

**Argentina runs one of the most active tokenization frameworks in Latin America: the CNV has built a specific regime for the digital representation of securities, with a regulatory sandbox and successive expansions through 2025 and 2026.** For an issuer that means something rare in the region: written rules, a receptive supervisor and real precedents.

## The CNV tokenization regime

The Comisión Nacional de Valores approved a [tokenization regime](https://www.argentina.gob.ar/noticias/nuevo-regimen-de-tokenizacion) allowing the digital representation of securities on blockchain, and has kept expanding it: shares (including dual-listed ones), corporate bonds (obligaciones negociables), participation certificates of financial [trusts (fideicomisos)](/en/glosario/fideicomiso), closed-end fund shares and CEDEARs. Issuances lean on a **regulatory sandbox** whose windows have been extended by successive resolutions — issuances made within the window keep their validity afterwards.

## The role of PSAVs

Registered **Virtual Asset Service Providers** (Law 27,739, supervised by the CNV) are the operational piece: they market digitally represented securities and take on administration and custody of the digital environment. It is a different architecture from Spains (where the registry anchor is the [ERIR](/en/glosario/erir-entidad-de-registro-e-identificacion-registral)), but with the same logic: a regulated entity answers for the register.

Specifically: the tokenization regime was created by GR 1069/2025 (financial trusts and closed-end funds backed by real assets), extended by GR 1081/2025 to shares, corporate bonds and CEDEARs, and GR 1150/2026 extended the sandbox to December 31, 2027. Only PSAVs registered in all five categories can take part: as of October 2026, 33 of the 81 registered. Requirements, equity and the filing are covered in our guide to [VASP registration with the CNV](/en/articulos/vasp-registration-argentina-cnv).

## What can be tokenized, and through which vehicle

The menu is broad: equity, corporate debt and — highly relevant for the country — **financial fideicomisos**, Argentinas classic securitization vehicle, whose participation certificates now admit digital representation. That connects tokenization to the real economy: agriculture, real estate and credit.

If the project is real estate and you want to raise money from many investors, the country also has a crowdfunding regime with its own caps: we compare them in [real estate crowdfunding in Latin America](/en/articulos/real-estate-crowdfunding-latin-america).

## How we work with Argentine issuers

From Spain, with the same method we apply under the CNMV: asset classification, vehicle selection, and the [seven-layer platform](/en/articulos/regulated-tokenization-platform) a serious issuance requires — registry, identity, transfer restrictions, custody. The local regulatory layer is handled with counsel in-country; the infrastructure, token standard and operations are our terrain. The full regional map is in [asset tokenization in Latin America](/en/articulos/asset-tokenization-in-latin-america).

*Framework as described in official announcements up to mid-2026; verify current status before structuring.* Issuing in Argentina? [Talk to us](/en/meeting).