--- title: "Asset tokenization in Chile: Fintech Law 21.521 and the CMF" url: "https://www.unknowngravity.com/en/articulos/asset-tokenization-in-chile" site: Unknown Gravity published: "2026-08-17T09:34:33+00:00" modified: "2026-08-17T09:34:33+00:00" language: en-US description: "Chile has one of Latin Americas most complete fintech regulations: Law 21.521 (January 2023), implemented by the CMF through 2023-2024, created a regulatory perimeter where tokenization stopped being…" section: "Home > Cryptocurrencies and tokens > Asset tokenization in Chile: Fintech Law 21.521 and the CMF" --- # Asset tokenization in Chile: Fintech Law 21.521 and the CMF BLOG · LEARN WEB3 17 AUG 2026 2 MIN READ [Unknown Gravity](/en/autores-post-del-blog/unknown-gravity) ![Asset tokenization in Chile: Fintech Law 21.521 and the CMF](/wp-content/themes/unknowngravity/assets/cms/667951006e75818d48be6f95_Tokenization%20in%20real%20estate%20header.webp) **Chile has one of Latin Americas most complete fintech regulations: Law 21.521 (January 2023), implemented by the CMF through 2023-2024, created a regulatory perimeter where tokenization stopped being an experiment and became an institutional financial tool.** The Chilean golden rule is the European one: the regime depends on the nature of the asset. ## Tokenized securities: Securities Market Law + NCG 502 Tokens representing **securities** — shares, bonds, fund units — are governed by the Securities Market Law, General Rule (NCG) 502 and CMF supervision: prior authorisation, prudential standards and investor protection. The same «same instrument, same rules» logic we apply in [Spain](/en/articulos/tokenizacion-regulada-en-espana), with Chilean nomenclature. ## Non-financial assets: the VASP route Real estate, commodities or cultural goods can be tokenized under the Fintech Law with issuers and platforms **registered as VASPs**, meeting governance, transparency and AML obligations. Chile adds an **Open Finance System** regulated by the CMF — relevant for anyone building financial product on top of the tokens. ## How we work with Chilean issuers Asset classification first (security or not?), vehicle second, technology last — with the [seven-layer platform](/en/articulos/regulated-tokenization-platform) and custody at the institutional level the CMF expects. The full regional map is in [asset tokenization in Latin America](/en/articulos/asset-tokenization-in-latin-america). *Framework as of mid-2026.* A project in Chile? [Talk to us](/en/meeting). KEEP READING ## Related articles [17 AUG 2026 Asset tokenization in Argentina: the CNV regime, the sandbox and how to issue](/en/articulos/asset-tokenization-in-argentina) [17 AUG 2026 Asset tokenization in Mexico: the Fintech Law, CNBV and the role of the fideicomiso](/en/articulos/asset-tokenization-in-mexico) [17 AUG 2026 Asset tokenization in Colombia: fiducia mercantil, the PSAV registry and custody](/en/articulos/asset-tokenization-in-colombia)