Argentina Securities Commission presents first-stage tokenisation regime for real world assets in publicly offered trusts and closed-end funds

The Argentina Securities Commission (CNV) presented newly approved tokenisation rules, launching the first stage of a framework focused on real world assets and other non-listed assets. General Resolution 1069 establishes a tokenisation regime for publicly offered financial trusts and closed-end mutual investment funds whose portfolios are mainly composed of real world assets or other eligible assets that are not negotiable securities traded on authorised domestic markets. The CNV outlined the technical scope of the regime and the changes made following the earlier public consultation conducted under General Resolution 1060, in a session attended by around 70 representatives from capital markets participants, the virtual assets industry and public agencies including the Financial Information Unit, the Central Bank of the Argentine Republic and the Revenue and Customs Control Agency. The CNV indicated that work on a second stage of the tokenisation rules is ongoing and is expected to be completed in the coming weeks.