--- title: "Asset tokenization in Ecuador: the fideicomiso mercantil as the key" url: "https://www.unknowngravity.com/en/articulos/asset-tokenization-in-ecuador" site: Unknown Gravity published: "2026-08-17T09:34:33+00:00" modified: "2026-08-17T09:34:33+00:00" language: en-US description: "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…" section: "Home > Cryptocurrencies and tokens > Asset tokenization in Ecuador: the fideicomiso mercantil as the key" --- # Asset tokenization in Ecuador: the fideicomiso mercantil as the key BLOG · LEARN WEB3 17 AUG 2026 2 MIN READ [Unknown Gravity](/en/autores-post-del-blog/unknown-gravity) ![Asset tokenization in Ecuador: the fideicomiso mercantil as the key](/wp-content/themes/unknowngravity/assets/cms/667951006e75818d48be6f95_Tokenization%20in%20real%20estate%20header.webp) **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](/en/glosario/fideicomiso) 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](/en/articulos/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](/en/servicios/tokenizacion-activos) 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](/en/meeting). KEEP READING ## Related articles [17 AUG 2026 Asset tokenization in Latin America: the country-by-country regulatory map (2026)](/en/articulos/asset-tokenization-in-latin-america) [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)