Venezuela has a crypto-asset legal regime approved in 2018 and in force since 2019, and is today one of the most uncertain markets: Sunacrip was placed under restructuring in 2023 and the framework exists more on paper than in practice.
Venezuela has a crypto-asset legal regime approved in 2018 and in force since 2019, and is today one of the most uncertain markets: Sunacrip was placed under restructuring in 2023 and the framework exists more on paper than in practice. At the same time, stablecoins are increasingly used as a digital dollar — according to Chainalysis, the country's crypto activity grew 107.2 % between July 2025 and June 2026, the fastest growth in the region — and there are real assets — real estate, agriculture, energy — hungry for financing. Tokenization there is an exercise in structuring under uncertainty.
The framework: Sunacrip, restructuring and SUNAVAL
The Constituent Decree on the Comprehensive Crypto-Asset System, approved on November 20, 2018, and in force since its publication in Official Gazette 41,575 of January 30, 2019, created a comprehensive crypto-asset regime with Sunacrip as the governing authority: it requires a license or registration to operate and penalizes unauthorized activity. In March 2023 the Government ordered the restructuring of the superintendence (Decree 4,788); the latest published extension we know of ran until March 2025. Since then, the authorized operations of local exchanges and providers have been very limited: the license renewals made public in 2026 are those of Crixto, until December 31, 2026, and Kontigo, until January 8, 2027. 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. US sanctions remain in place, with exceptions: OFAC General License 57 of April 14, 2026, authorizes financial services — including transfers, currency exchange and digital wallets — involving the Banco Central de Venezuela, Banco de Venezuela, Banco Digital de los Trabajadores or Banco del Tesoro, but does not unblock property. And Executive Order 13827 still prohibits US persons, or anyone within the United States, from dealing in any digital currency, coin or token issued by, for or on behalf of the Government of Venezuela since January 9, 2018.
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 October 2, 2026; regimes change — check the current status before structuring. Project with a Venezuelan asset or investor? Talk to us.