Nicaragua has a licensing regime for virtual asset service providers — Law 1072 of 2021 and the Central Bank rule of 2025 — but none for tokenizing securities. A token that represents a security follows the Capital Markets Law with no adaptation to distributed ledger technology, and country risk weighs on any decision.
Virtual asset providers: a Central Bank licence
Law 1072, in force since May 2021, amended the anti-money-laundering law (Law 977) and the banking law: it defines virtual assets — expressly excluding securities and other financial assets —, gives the Central Bank of Nicaragua (BCN) the licensing and registration of providers and makes them obliged entities before the Financial Analysis Unit (UAF). The rule in force is Resolution CDMF-XIII-2-25 of April 2025, amended in August, which requires a licence or registration for exchange, transfer, custody and services linked to the offering of virtual assets, with adjustment deadlines of May 2026 for operational requirements and December 2026 for capital. The UAF also has its own prevention rules for these providers.
Securities: the SIBOIF and Law 587
The securities market is supervised by the SIBOIF under Capital Markets Law 587 of 2006. Since Law 1232 of December 2024, financial-system rules are approved by a Monetary and Financial Board chaired by the Central Bank. We have found no SIBOIF position on tokenized securities.
The vehicle and country risk
Law 741 governs the fideicomiso (trust) and Law 587 investment and securitisation funds. The problem is not the vehicle but the environment: growing state control of the financial system, targeted US sanctions and Section 301 tariffs that start to apply in 2027. For an issuer it is not a recommended jurisdiction today; a Nicaraguan asset, if anything, would be structured from abroad with enhanced sanctions screening.
How we work with issuers in the country
The anatomy does not change from country to country: classification of the asset, a vehicle with segregated assets, a token with transfer restrictions, verified identity on every transfer and serious custody — the seven-layer platform we build, with the local legal layer on top and a local counsel alongside. The full map of the region is in asset tokenization in Latin America.
Framework as of 2 October 2026, checked against official sources; regimes change — confirm the current status before structuring. Questions about a structure with a Nicaraguan asset? Talk to us.