Ecuador has no tokenization statute and no sandbox — and yet serious tokenization is possible: the key is the fideicomiso mercantil of the Securities Market Law, administered by trust companies under the Superintendencia de Compañías, Valores y Seguros. Where there is no specific rule, structure is everything.
The realistic framework
Fintech activities require incorporating a company and obtaining authorisation from the relevant superintendency or the Central Bank. There is no regime recognising blockchain corporate registries as equivalent to official ones — which is why the token cannot be the register: it must represent rights over a vehicle whose ownership is recorded where the law expects it. The country is moving on other flanks: open-finance rules with mandatory APIs from 2026 and reinforced AML thresholds in crypto.
The fideicomiso mercantil: the Ecuadorian vehicle
The Securities Market Law regulates the fideicomiso mercantil in detail: autonomous estate, responsible trustee, reporting to the Superintendencia de Compañías. The serious tokenization scheme contributes the asset (property, project, cash flow) to the trust and represents the beneficiary rights in tokens, with the trustee as the structures regulated anchor — the regional pattern we map in asset tokenization in Latin America.
What makes sense to tokenize in Ecuador today
Real estate and productive projects with verifiable cash flows, structured with securities-market discipline: a clear issuance document, investor KYC, defined custody and transfer restrictions in the token itself — the standard we apply in any asset tokenization project, whether or not local law demands it.
How we work in Ecuador
Local fiduciary structure plus our infrastructure: definition of the right, restricted token, registry and custody. Framework as of mid-2026. A project in Ecuador? Talk to us.