Venezuela was among the first countries to regulate crypto-assets and is today among the most uncertain: Sunacrip has been under intervention since 2023 and the 2018 framework exists more on paper than in practice. At the same time, stablecoin use is among the highest in the world and there are real assets — real estate, agriculture, energy — hungry for financing. Tokenization there is an exercise in structuring under uncertainty.
The framework: an intervened Sunacrip and SUNAVAL
The 2018 Constituent Decree created a comprehensive crypto-asset regime under Sunacrip; in 2023 the superintendence was intervened and restructured, and since then the authorised operations of local exchanges and providers have been suspended or very limited. Securities remain under SUNAVAL and the Securities Market Law. The honest thing is to say it: there is today no predictable local route to issue tokens with full legal certainty.
The vehicle: the trust and structures outside the country
Venezuela has had a trust law since 1956 and bank trustees; the local variant of the Latin American fideicomiso exists. In practice, projects seeking Venezuelan or diaspora investors structure the vehicle in jurisdictions with a framework (Spain, Panama, Uruguay, El Salvador) and connect the Venezuelan asset or cash flow through contracts and guarantees — with local counsel and a serious sanctions and compliance analysis.
What is being tokenized
Almost nothing in a regulated way inside the country; quite a lot from outside: rental income, diaspora assets and agricultural and energy projects seeking international capital. The reading for an issuer: small-ticket and digital-dollar investor demand is real; the vehicle and the regulator have to be where there is a framework.
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 tokenization in Latin America.
Framework described as of mid-2026; regimes change — check the current status before structuring. Project with a Venezuelan asset or investor? Talk to us.