Asset tokenization in Paraguay: Law 7572/2025 recognizes DLT securities and the BCP’s SIV
Tokenizing in Paraguay: Law 7572/2025 recognizes securities on DLT, but Central Bank rules are pending. Regulator, vehicles and the practical route today.
BLOG · ABOUT THE AUTHOR
Jesús Sánchez Fernández
Founder and CEO of Unknown Gravity (2023) and of HokenFi, the company's platform for tokenizing real-world assets. He leads regulated tokenization projects and security token offerings in Spain under MiFID II and Law 6/2023, with registration through an ERIR.
He has built on blockchain since 2022: Solidity smart contracts, wallets and bridges on Ardor and Polygon as Head of Technology at Tarasca, and he has served as CTO of ZeemGO. He teaches “Real-World Asset (RWA) Tokenization and Institutional Infrastructure” in the Master in Blockchain and Fintech at IEBS Business School, co-organizes Blockchain Málaga and studied Computer Engineering at the University of Málaga.
128 ARTICLES · PAGE 4 OF 11
Articles by
Jesús Sánchez Fernández.
Asset tokenization in Guatemala: no crypto law, the Securities Market Registry and the commercial trust
How assets are tokenized in Guatemala: no crypto-asset law and bills in Congress, the Securities Market Registry regulates securities.
Asset tokenization in Bolivia: the Central Bank turn of 2024, ASFI and the trust
How assets are tokenized in Bolivia: in 2024 the Central Bank lifted the ban on virtual-asset operations through regulated channels.
Asset tokenization in Venezuela: a crypto framework on hold, SUNAVAL and how to structure under uncertainty
Tokenization in Venezuela: the 2019 crypto framework exists on paper, Sunacrip was placed under restructuring in 2023 and SUNAVAL regulates securities.
Asset tokenization in Peru: securitization trusts, the SMV and the SBS AML perimeter
How assets are tokenized in Peru: no specific crypto law, but the securitization trust supervised by the SMV is the vehicle.
Asset tokenization in Uruguay: Law 20.345, the Central Bank and the trust
Asset tokenization in Uruguay: Law 20.345 puts virtual assets under the Central Bank, and a tokenized security still follows the securities market law.
Asset tokenization in Panama: no crypto law in force, an SMV and a strong trust industry
Asset tokenization in Panama: no crypto law in force, the SMV regulates securities and the Panamanian trust is the usual structuring vehicle.
Asset tokenization in the Dominican Republic: SIMV, the Law 189-11 trust and tourist real estate
Asset tokenization in the Dominican Republic: no crypto law, the SIMV regulates securities (Law 249-17) and a Law 189-11 trust structures the issue.
Asset tokenization in Costa Rica: SUGEF VASP registration (Law 10961) and SUGEVAL
SUGEF registration for virtual asset providers in Costa Rica under Law 10961 (in force 19 Sep 2026): who must register, the steps and what SUGEVAL controls.
Art tokenization: how a work is fractionalized (and what you actually buy)
How art tokenization works: the work, the vehicle that owns it and the tokens; how it differs from an NFT and the risks that matter.
Crypto custody providers: institutional solutions and how to choose one
Institutional crypto custody compared: qualified custodian, MPC, multisig and wallet-as-a-service, how to choose a provider and what regulators require.
Web3 game development: architecture, costs and what to decide first
What developing a web3 or blockchain game involves: what goes on-chain and what does not, the usual architecture, where the budget goes.