The CNV opens the door to a new way of digitally representing negotiable values. Actions, bonds and more, with a one -year regulatory sandbox can be token.
The National Securities Commission (CNV) officially launched Tokenization regime of financial assetsan initiative that seeks to modernize the Argentine capital market by incorporating the Digital representation of negotiable values through blockchain technology.
The agency arranged a Public consultation for 15 business dayswith the aim of incorporating this modality into its current regulations. In this way, they can be token Actions, bonds, negotiable obligations, share of common investment funds, certificates of participation of financial trusts and even Cedears.
What can be token in Argentina?
The new regime will allow to issue tokenized assets that represent already existing values, without implying a new title or a different underlying asset. Digitization will be an additional form of representation, legal and operationally valid Under CNV supervision.
Issuers must detail the terms and conditions in a specific document, and tokens must be backed by cardboard or writing titles deposited in a Central Depositary Agent of Negotiable Securities (ADCVN).
Tokenization: sectors with greater potential
According to regulator sources, Financial Trusts They will be key in the development of this tool, with special projection in sectors such as Real Estate and Agroindustrywhere physical assets can find digital representation in innovative investment projects.
A bridge between the traditional market and the crypto world
The Tokenized values They can be negotiated in Virtual Asset Service Supplier Platforms (PSAV) registered with the CNV. The measure also aims to attract Young investors that already operate in exchanges and look for regulated assets under disruptive technologies.
This opens the possibility that the same active cotice so much in Byma as on crypto ecosystem platforms, promoting a Convergence between traditional and digital markets.
Regulatory Sandbox: How will it work
During the first year, the tokenization regime will operate under a regulatory sandboxthat is, a controlled environment where the operation of the system with real emissions will be evaluated. The operations carried out within this period will retain their validity, although new emissions will not be allowed once the deadline is overcome, unless the framework is extended.
PSAV will be responsible for the marketing, custody and digital administration of assets, guaranteeing transparency and regulatory compliance.
Source: Ambito
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