Argentina’s National Securities Commission (CNV) has launched public consultations to create a new regulatory framework that allows for tokenization in the country.
The new scheme is trying to set clear parameters for tokenization, Negotiable values encourage digital representation through technologies such as distributed records.. This proposal ensures that these digital representations have the same validity as traditional paper and electronic forms.
“Through this regulation, it is received in a digital representation of negotiable values as a particular species within the tokenized genus, which ensures security, traceability, immutability, soluble, and the validation of the operations they have performed,” the official Argentine portal states.
According to the National Securities Commission (CNV), «The aforementioned digital representation They are negotiated on the PSAVS mobile platform and application (Virtual Asset Service Supplier) Registered in Body».
For negotiable values to have digital representation, the issuing company must first prepare the documents in detail with the terms of the version. after that, You must ask CNV for permission for each. Either a single presentation or several stages.
Additionally, the values must be previously issued in traditional format, either in paper or accounting records, and deposited through an intermediary approved by the Central Depository of Negotiable Value (ADCVN). As soon as this step is met, they will be registered in the name of the legal owner who will become its owner. They don’t need to be listed on the market, They must remain fixed to ensure support for their digital representation.
«We are proud to present these new regulations in our country. In addition to being a milestone for CNV management, we believe it will be a milestone in the history of the Argentine capital market… We hope that through public consultations, that contribution will have the best possible rules.”
As part of this proposal, CNV established it The new regime will initially be applied to a regulated test environment (SANDBOX) for one year. At the time, its performance and effectiveness are evaluated in a controlled context, as it may be tuned prior to final implementation. Once the period ends, new emissions will not be permitted under this regime, but those previously approved will remain in effect.
The provisions in this title will be tested in a controlled regulatory environment (SANDBOX) for one year after the occurrence of the same thing, without prejudice to the subsequent effectiveness of emissions expressed digitally under the effectiveness of this scheme. As time passes, more negotiable value can be issued digitally under this regime.
Argentine CNV general resolution number 1060.
Meanwhile, the agency defines strict standards for advertising and use issues of these assets. PSAV cannot use clients’ tokenized negotiable values themselvesand it is required that all communications aimed at the public use clear and accessible languages and avoid tokenization-linked technologies. This pretends that investors can understand the risks associated with this new form of digital representation.
Similarly, Resolution 1060 establishes that cryptographic active service providers must have a robust technical infrastructure that ensures data security, integrity, availability and traceability. CNV evaluates these aspects before approving the operationit aims to prevent technical failures and to prevent violations that could affect trust in new regulatory frameworks.
The new CNV provisions will be added to the standards released a few weeks ago, with other suppliers of Virtual Asset Services (PSAV) aiming to improve sector safety, transparency and user protection standards. Through general resolution 1058 entering full validity at the end of 2025, certain guidelines were set for cryptographically active custody, isolated account management, and supplier technology infrastructure.
In this context of regulatory advancements, Argentina has also launched a dialogue with the nation leading cryptocurrency regulations, as in El Salvador. This was the topic commented on in the latest edition of the Merge, Financial Innovation event held in Buenos Aires. So the Cryptootic team had the opportunity to ask Roberto E. Silva, “El Salvador is definitely a model to study.” Additionally, he shared other details about his current approach to the industry.
