The Central Bank of Paraguay and the Securities Supervisory Authority (SIV) are initiating the enabling regulation of the first generation of Law No. 7572/2025, which allows the issuance and custody of digital financial instruments.
The measures aim to modernize capital markets, increasing their participation from 1% to 15% of gross domestic product (GDP) from 2014 to 2024, and now providing easier access to investors through the tokenization of real assets (RWA).
The regulation, which will come into force from November 2025, establishes a technical distinction between decentralized cryptocurrencies and tokenized assets.
Under this framework, only tokens representing credit rights, ownership, or participation in a specific project qualify as supervised securities.
this structure Requiring issuers to comply with transparency, prospectus registration and auditing requirements of smart contracts.
What is happening in the South American country is an important structural change, which will be complemented by the functional independence of Caja de Valores de Paraguay (Cavapies) in 2026.
This organization assumes exclusive custody of assets and separates responsibility from negotiations carried out on the Asuncion Stock Exchange (BVA), a safety standard required by international investment funds to reduce conflicts of interest.
Operational roadmap to 2026
Securities regulator Rodrigo Ruiz detailed the November implementation schedule during a technical meeting with legal experts. “The first generation of enabling regulations will be completed in 2026, and the second generation will advance innovation (private funding, crowdfunding, tokenization, DLT, foreign emissions),” he said at the time.
This law introduces the concept of so-called distributed ledger technology (DLT) to ensure traceability of operations. This allows sectors such as: Real estate and agricultural companies issue transferable digital titlesreducing intermediation costs and allowing capital income to be lower than the historical average of the Paraguayan market.
The application process of the Securities and Product Markets Law consists of two technical stages. During the operational phase, standards on minimum cybersecurity requirements for digital custody and trading platforms will be published to enable the commercialization of financial products based on DLT technology.
In the innovation phase, the integration of crowdfunding and foreign issues will be regulated under the same technical standards, and progress will be made in areas such as private funds and tokenization. This roadmap aims to complete the first generation of enabling regulations and scale up innovation progress.
In this way, Paraguay joins the global trend of institutionalizing digital assets. Reflecting this, BlackRock CEO Larry Fink said: At Davos, he defended the urgency of moving towards a single agreement. Blockchain or common cryptocurrency network for the tokenization of assets, reported by CriptoNoticias.
At the regional level, Paraguay’s efforts will put the country on regulatory parity with emerging markets seeking to attract foreign direct investment through the digitalization of bonds and equities. This includes Argentina, which is implementing a regulatory framework that is still under development.
(Tag Translation) Cryptomonedas
