Tokenization in Argentina: Unlocking Access and Protection for Small Investors
In June 2025, Argentina's Comision Nacional de Valores (CNV) enacted General Resolution 1069/2025, introducing a formal regulatory framework for the tokenization of real-world financial assets. This groundbreaking regulation positions Argentina as one of the few jurisdictions in Latin America to offer a legally structured environment for the issuance and trading of tokenized securities.
While the framework represents a step forward for institutional market players, it also creates new opportunities for retail and small-scale investors, who now have a regulated and accessible path to participate in asset classes that were previously out of reach.
What Is Tokenization?
Tokenization is the process of converting the rights to a real-world asset (such as a debt instrument, a participation certificate in a financial trust, or a share in a closed-end mutual fund) into a digital token recorded on a blockchain. These tokens can be transferred, held, or traded with greater efficiency and, in many cases, at a lower cost than traditional instruments.
Fractional Access to High-Value Assets
Historically, minimum investment thresholds and intermediary fees prevented small investors from accessing many structured financial products. Tokenization enables the fractionalization of these assets, meaning investors can acquire proportional rights with smaller capital contributions. Tokenization thus allows small investors to invest in whatever they want, regardless of the amount of funds they are willing to invest.
Transparency and Asset Protection
The use of blockchain technology allows tokenized assets to be traceable, verifiable, and immutable. This substantially reduces operational risks, enhances investor confidence, and mitigates fraud. Consequently, small investors can benefit from the blockchain technology and reduce their operating and administrative costs when investing.
Expanded Market Access via Digital Platforms
Tokenized securities will be distributed through digital platforms and mobile applications authorized and registered with the CNV. This model facilitates broader geographic access, particularly for investors in rural areas with limited financial infrastructure. Thus, investors no longer need access to physical establishments or complex financial institutions.
Reduced Costs and Faster Settlement
By automating issuance, custody, and transfer processes, tokenization reduces reliance on intermediaries such as clearing houses, depositories, and brokerage networks. This leads to lower transaction costs and faster settlements.
Conclusion
Tokenization represents a convergence of legal certainty and technological innovation. For small investors in Argentina, the new CNV regime offers access to regulated investment vehicles, enhanced asset protection, and streamlined participation in capital markets. It also reinforces the role of legal compliance as a central pillar in the digital transformation of financial products.
References
CNV (Comision Nacional de Valores), Resolucion General 1069/2025 - Regimen de tokenizacion para activos del mundo real. Published in the Boletin Oficial on 13 June 2025.
CNV, Normas (Texto Ordenado 2013 y modificatorias), Title XI (Anti-Money Laundering and Investor Protection) and Title XIV (PSAV regulations).
EY, Regulatory framework for the tokenization of marketable securities. EY Law Alert, June 2025.
Law No. 26.831, Ley de Mercado de Capitales (Capital Markets Law).