by Andy
Real Estate Tokenisation in Latin America
Backed by the region's most progressive regulatory regime, Argentine property developers are turning to tokenisation to fund projects without relying on bank credit. Here is how the CNV framework works and how to structure a development.
Argentina has cemented its status as a regional frontrunner following the enactment of CNV General Resolution No. 1069—legislation granting full legal equivalence between digital tokens and traditional marketable securities. For property developers, this delivers a practical, legally robust mechanism to finance ground-up builds and income-producing assets.
Scope of the regulatory framework Under the CNV's supervised regime, a developer can tokenise entitlements to project cash flows, future square-metre capital appreciation, or a blend of both. Distribution takes place through licensed PSAV platforms, ensuring full regulatory compliance and enforceability across the courts.
The three pillars of a property issuance
- Fiduciary ring-fencing: The land or development is contributed to a financial trust or SPV that isolates the asset and protects tokenholders' claims.
- On-chain automation: Smart contracts govern issuance, restrict secondary transfers strictly to KYC-verified investors, and automate rental or sale-proceed distributions.
- Multi-channel distribution: Enables developers to pair their internal sales teams with licensed digital platforms, capturing both retail tickets and institutional allocations.
Why it is gaining rapid traction locally In an environment where traditional mortgage and construction lending remains scarce relative to housing and commercial demand—and where real estate already prices natively in US dollars—tokenisation offers a natural fit: developers can fund construction in stages, widen their buyer pool, and draw foreign capital into Argentine bricks and mortar with complete auditability.
This content is provided for informational purposes only and does not constitute investment advice. All investments carry risk.