meta_id 3229085

On June 10, 2026, Argentina's National Securities Commission (Comisión Nacional de Valores, or CNV) approved Regulatory Resolution (RG) N° 1150, which expands the tokenization regime for negotiable securities and extends the regulatory sandbox through December 31, 2027. The expansion permits digital representation of negotiable securities issued under any automatic authorization regime, including the newly introduced automatic public offering regime for securities with low impact and the expanded automatic public offering regime for securities with medium impact. Previously, tokenization was limited to securities issued under specific regimes such as medium-impact automatic public offerings, frequent issuers, and financial trusts. The resolution also extends tokenization eligibility to closed-end mutual investment funds (Fondos Comunes de Inversión Cerrados, or FCIC) beyond credit-focused funds, now covering all FCIC that permit automatic authorization public offerings. Additionally, the regime now encompasses digital representation of shares in exchange-traded funds (FCIA ETF) and crypto-asset exchange-traded products (CEVA ETP). Roberto E. Silva, CNV president, stated that the resolution completes the "Big Bang" regulatory measures, consolidating the commission's commitment to financial innovation and modernizing Argentina's capital markets. The resolution emerged following a public consultation period initiated by RG N° 1137, during which market participants submitted and the CNV analyzed recommendations. The regulatory sandbox extension through December 31, 2027, provides continued flexibility for market participants to test innovative tokenization solutions. These measures position Argentina as a regional leader in digital securities innovation while maintaining investor protection standards. **Reference:** [RG N° 1150 - Argentina's National Securities Commission](https://www.argentina.gob.ar/)