--- title: "Asset tokenization in Peru: securitisation trusts, the SMV and the SBS AML perimeter" url: "https://www.unknowngravity.com/en/articulos/asset-tokenization-in-peru" site: Unknown Gravity published: "2026-09-21T12:09:02+00:00" modified: "2026-09-21T12:27:00+00:00" language: en-US description: "Peru has no crypto-asset law, but it does have the vehicle tokenization needs: the securitisation trust (fideicomiso de titulización), run by securitisation companies supervised by the SMV." section: "Home > Cryptocurrencies and tokens > Asset tokenization in Peru: securitisation trusts, the SMV and the SBS AML perimeter" --- # Asset tokenization in Peru: securitisation trusts, the SMV and the SBS AML perimeter BLOG · LEARN WEB3 21 SEP 2026 2 MIN READ [Jesús Sánchez Fernández](/en/autores-post-del-blog/jesus-sanchez) ![Asset tokenization in Peru: securitisation trusts, the SMV and the SBS AML perimeter](/wp-content/themes/unknowngravity/assets/cms/667951006e75818d48be6f95_Tokenization%20in%20real%20estate%20header.webp) **Peru has no crypto-asset law, but it does have the vehicle tokenization needs: the securitisation trust (fideicomiso de titulización), run by securitisation companies supervised by the SMV.** Crypto regulation arrived through the compliance door — virtual asset service providers are obliged entities for anti-money laundering before the SBS — and securities follow the Securities Market Law. ## The framework: SMV, SBS and a compliance-based perimeter The **Securities Market Superintendence (SMV)** supervises the issuance and trading of securities; the **SBS** supervises banking, insurance and pension funds. There is no specific crypto-asset law and no licensed VASP registry: what exists is the inclusion of virtual asset service providers as obliged entities for anti-money laundering (PLAFT) — comply, report, identify. A tokenized security is a security: the Securities Market Law and SMV supervision apply. ## The vehicle: the securitisation trust Peru has a figure tailor-made to fractionalise assets to securities-market standards: the **securitisation trust**, administered by securitisation companies authorised by the SMV, which issues securities backed by the trust estate. Alongside the banking trust of the banking law, it is the Peruvian variant of the Latin American [fideicomiso](/en/glosario/fideicomiso) — and the one that best fits representing those securities in tokens with transfer restrictions and a register a regulated entity answers for. ## What is being tokenized Real estate (projects and rental income), invoices and receivables — Peru has a highly developed factoring and negotiable-invoice culture — and export agribusiness. The reading for an issuer: securitisation already solves half the problem; tokenization brings the other half (fractionalisation, modern settlement, transferability) without leaving the supervised perimeter. ## 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](/en/articulos/regulated-tokenization-platform) we build, with the local legal layer on top and a local counsel alongside. The full map of the region is in [tokenization in Latin America](/en/articulos/asset-tokenization-in-latin-america). *Framework described as of mid-2026; regimes change — check the current status before structuring.* Project in Peru? [Talk to us](/en/meeting). KEEP READING ## Related articles [21 SEP 2026 Asset tokenization in Bolivia: the Central Bank turn of 2024, ASFI and the trust](/en/articulos/asset-tokenization-in-bolivia) [21 SEP 2026 Asset tokenization in Venezuela: a crypto framework on hold, SUNAVAL and how to structure under uncertainty](/en/articulos/asset-tokenization-in-venezuela) [21 SEP 2026 Asset tokenization in Guatemala: no crypto law, the Securities Market Registry and the commercial trust](/en/articulos/asset-tokenization-in-guatemala)