Asset tokenization in Argentina: does your issue fit, which route, and how long?
A free assessment for SME issuers, trustees, real estate developers, broker-dealers and VASPs, based on CNV General Resolution 1150/2026. Built by a blockchain architect who ships permissioned tokens for institutional platforms.
Tokenization assessment
Answer six questions. The result updates as you go and nothing is sent until you request a call.
Your assessment
I'll review your case and the token architecture with you in 30 minutes, free of charge.
Book a technical callThis is an estimate based on the published regulation. The official criteria are those of the CNV. Rules reviewed on 2026-11-09.
The result shows whether the case could fit the regime under RG 1150 and on what basis, the warnings that apply (fund dispersion, caps in UVA, backup VASP, regime deadline), a six-stage route with weeks per stage, the technical requirements of the token, a technology cost range with its assumption, and a downloadable checklist.
What the rule asks of the token
The CNV does not tokenize loose assets: it authorizes the digital representation of a security authorized and issued before or together with it. The security sits with the depository, a specialized DLT entity generates the tokens, and smart contracts must prevent any transfer outside the designated VASPs, whose platforms sync in real time.
How I solve it technically (a recommendation, not a CNV requirement): a permissioned token with an identity registry or whitelist of VASP addresses, transfer rules enforced on-chain, a pause for CNV suspensions, lock-up for meetings and reconciliation with the depository. ERC-3643 (T-REX) is the open standard for that pattern.
What I build
I am the technology provider. Legal structuring stays with your counsel, broker-dealer and trustee; I design and run the token and the integrations.
- Permissioned token
- ERC-3643 or a restricted ERC-20 with VASP whitelist, pause, forced transfer for court orders, and meeting lock-up.
- VASP interoperability
- Connectors and real-time sync among up to five VASPs and reconciliation with the depository.
- Custody and keys
- MPC wallets and signing policies for the issuer and the DLT entity, with audit trail.
- Payment events
- Coupon and amortization flows, holder snapshots and holding certificates.
- Audit and testnet
- Test suite, external audit coordination and a full rehearsal on testnet before issuance.
- Operation
- Monitoring, incidents and changes after issuance, under a monthly plan.
Agustín Chermaz, blockchain architect. 11+ years in software; I designed an ERC-20 with compliance logic and a trading engine, and I lead the development of a digital asset platform for institutional and OTC operations. Systems engineer (UTN). LinkedIn
Book a technical call
30 minutes, free. Bring the asset and the target date: we go over the token architecture, which VASPs and depository to talk to, and what the build would take.
Frequent questions
What can be tokenized under CNV General Resolution 1150/2026?
Shares, corporate notes (ON), CEDEARs, debt securities and participation certificates of publicly offered financial trusts and closed-end fund units (both backed mainly by real-world assets), FCIA ETF units and CEVA ETPs, including those issued under automatic-authorization regimes, except open-end fund (FCIA) regimes. SVS and VS securities and foreign sovereign debt (except MERCOSUR countries and Chile) are excluded.
How long is the regime in force?
Until 31 December 2027 inclusive. After that, no new securities can be issued under the regime, except as needed to comply with art. 17 of Title XXII. Authorized securities not represented digitally within two years of authorization lapse automatically.
Do I need to register as a VASP (PSAV) to tokenize?
Tokens can only trade through VASPs registered with the CNV in all categories (up to five per issue). The rule states that pure technology providers are not necessarily required to register as VASPs, unless they carry out activities covered by art. 4 bis of AML Law 25,246. If your case is unclear, check with counsel.
What must the token do?
The rule requires a secure, traceable distributed ledger, generation through a specialized entity, and smart contracts that prevent transfers outside the participating VASPs. Technically that is a permissioned token (whitelist) with pause and meeting lock-up, like the ERC-3643 standard, which is a recommendation rather than a CNV requirement.
Can real estate be tokenized?
Within the CNV regime, yes, if it is structured as a publicly offered security, such as a financial trust or a closed-end real estate fund. Real estate tokenized outside that regime has no CNV coverage, and offering it to the general public may qualify as a public offering.
How much does it cost and how long does it take?
It depends on the regime and the asset. The assessment estimates each stage and a technology cost range with the assumption shown. It excludes legal fees, CNV fees and broker-dealer or VASP commissions.
Sources and assumptions: methodology.