Asset tokenization in Latin America: the country-by-country regulatory map (2026)
The 2026 map of tokenization in LATAM: Argentina's CNV regime, El Salvador's LEAD, the Mexican and Chilean fintech laws.
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 5 OF 11
Articles by
Jesús Sánchez Fernández.
Asset tokenization in Ecuador: the fideicomiso mercantil as the key
How to tokenize assets in Ecuador with no specific statute: the fideicomiso mercantil of the Securities Market Law as vehicle.
Asset tokenization in Argentina: the CNV regime, the sandbox and how to issue
How Argentina's CNV tokenization regime works: which securities can be tokenized, the role of PSAVs, the regulatory sandbox and how to structure an issuance.
Asset tokenization in Mexico: securities, licensed platforms and the fideicomiso
Tokenizing assets in Mexico: when the Securities Market Law applies, which activities the Fintech Law reserves to ITFs and what role the fideicomiso plays.
Asset tokenization in Colombia: fiducia mercantil, VASPs and custody
How assets are tokenized in Colombia: the fiducia mercantil as vehicle, what is still unregulated for crypto-assets and PSAVs, and how to handle custody.
Asset tokenization in Chile: what the CMF requires of issuers and platforms
Tokenizing in Chile: securities fall under Law 18.045 and the CMF; platforms, exchanges and custodians under Fintec Law 21.521 and NCG 502.
Asset tokenization in El Salvador: the LEAD law, the CNAD and how to issue (2026)
Asset tokenization in El Salvador under the LEAD: CNAD registration, public vs private issuances, fees, tax exemptions and real cases from 2024 to 2026.
Crypto advertising rules in Spain: what MiCA requires after CNMV Circular 1/2022 was repealed
CNMV Circular 1/2022 was repealed on December 28, 2024. Crypto advertising in Spain now follows MiCA: what it requires and how the CNMV supervises it.
Bank stablecoins: what CaixaBank (Qivalis), BBVA and Santander are building and what it means
CaixaBank and BBVA are in Qivalis (MiCA euro stablecoin, 37 banks) and Santander in another global issuer: what they are building and what it means.
Ondo Finance (ONDO): what it is and how it works
What Ondo Finance is, how OUSG, USDY and the ONDO token work, and why tokenized US Treasuries became the flagship success story of real-world assets.
Blockchain and web3 consulting: what a consultancy does and when you need one
What a blockchain consultancy actually does, how web3 consulting differs, when you need one and how to choose a partner for regulated projects in Spain.
Crypto-asset custody: who can custody, how it works and how to choose a custodian
Self-custody versus delegated custody, what MiCA requires from custodians, what changes when the token is a security.