Belgium“One of the pioneering firms in web3 solutions, digital assets and tokenization, recognized for its innovation and solid reputation across Spain and Latin America.”
Jorge CorredorLawyer, Rincón Cuéllar & Asociados
Asset tokenization in Belgium
We build the platform to tokenize debt, shares and revenue rights in Belgium: investor onboarding, ERC-3643 tokens and a connection to the securities register, coordinated with the law firm that structures the issuance under the Code of Companies and Associations, the public offers law or MiCA.
Tokenize your asset
They trust Metlabs to tokenize their assets
Why Belgium
Why tokenize assets in Belgium?
Belgium did not create a separate regime for tokenized securities: it solved the question inside its Code of Companies and Associations. Since 2021, accounts for dematerialized securities can be kept on distributed ledgers, and the register of registered securities can be electronic. Since June 2026, a public offer of securities also needs no prospectus below €12M.
€12M
prospectus threshold for a public offer of securities since June 5, 2026: Belgium did not use the €5M option
FSMA · May 27, 20262021
year since which a central securities depository or an approved account keeper can hold dematerialized securities on DLT
CSA, art. 7:35What gets tokenized
Debt, equity and revenue: what gets tokenized in Belgium
Almost every tokenized issuance represents one of these three rights against the issuer. In Belgium, the right also decides whether the security is registered or dematerialized, and with it who keeps the register that governs the token.
| Right | Debt | Equity | Revenue |
|---|---|---|---|
| What is issued | Bonds (obligations) | Shares | Revenue rights |
| The investor receives | The investor lends to the issuer and receives interest and, at maturity, the principal. | The investor joins the share capital: dividends, voting rights and a share of any sale or liquidation. | The investor receives a share of the income from an asset: rents, energy sold, sales or royalties. |
| The token enforces |
|
|
|
| Issuer | SA (NV) or SRL (BV) | SA (NV) or SRL (BV) | SA (NV) or SRL (BV) |
| Register | Company register or account keeper | Register of registered shares | Issuer, or account keeper if a security |
| Law | CSA, arts. 5:18, 7:22 and 7:35 | CSA, arts. 5:18, 5:63 and 7:22 | Law of July 11, 2018 or MiCA |
| How it is issued | An SA or an SRL can issue registered bonds, entered in a company register that can be electronic, or dematerialized bonds if the SRL's articles allow it. Dematerialized bonds are booked in an account with a central securities depository or an approved account keeper, which can keep it on DLT. | Shares in an unlisted SRL are registered and, unless the articles say otherwise, each transfer needs the approval of half the shareholders holding three quarters of the shares. An SA can hold them in dematerialized form. With an electronic register, the transfer can be signed electronically. | Belgium's public offers law treats as an investment instrument any instrument that allows a financial-type investment, whatever the underlying asset, so a public offer of revenue rights can fall under it even if it is not a security. If it is not a financial instrument and is fungible, it may fall under MiCA. |
Regulation
Regulation guide for BelgiumWhich regulation applies to tokenization in Belgium?
It depends on the right the token represents. If it is a financial instrument, it falls outside MiCA and follows the EU Prospectus Regulation and Belgium's Law of July 11, 2018 on public offers of investment instruments, supervised by the FSMA. If not, it may fall under MiCA, whose supervision the Law of December 11, 2025 splits between the FSMA and the National Bank of Belgium.
Since June 5, 2026, a public offer of securities needs a prospectus from €12M, because Belgium did not use the national €5M option. Below that threshold, if the offer is not passported, the Belgian information note regime applies. Authorized crowdfunding platforms allow up to €5M per project owner over 12 months.
For the register, the Code of Companies and Associations offers two routes: registered securities, entered in a company register that can be electronic, or dematerialized securities, booked in an account with a central securities depository or an approved account keeper that can keep it on DLT. We coordinate the structure with specialist law firms, and authorized entities provide the regulated services.
Belgium
FavourableScore89
- Authorities
- FSMA and National Bank of Belgium, NBB; specific FPS Economy responsibilities
- Latest regulatory change
- Jul 2026
Key authorisations
- CASP authorisation from the FSMA or NBB depending on entity
- Article 60 notification for covered entities and services
- MiCA passporting for authorised cross-border services
- ART or EMT issuance entitlement and investment permissions according to asset
Our legal partners
Methodology
How we tokenize an asset in Belgium, step by step
The four phases of our methodology, with the parties involved in Belgium. The law firm and our engineering team work in parallel from the asset review to investor acquisition.
We review the asset's title, encumbrances and cash flows, and decide with the issuer whether the token will be debt, shares or a revenue right. That sets the vehicle, an SA or an SRL, the amount and the rules of the issuance.
The law firm classifies the token, drafts the terms and chooses the route: prospectus, information note or crowdfunding platform. It also decides whether the securities will be registered or dematerialized and, in the latter case, which approved account keeper holds the accounts.
We configure the white label platform with your brand: investor onboarding with KYC, signature, payment and ERC-3643 tokens carrying the offer's rules, including an SRL's approval clauses. The securities register connection and coupon or dividend schedules are custom development.
With the issuer and, where there is one, the placing entity, we prepare the offer page and measure the journey to a paid subscription. After the issuance, the platform handles distributions, transfers between verified investors and reporting.
Reviews in Belgium
What do our clients think of Metlabs?
“We structured the tokenization of real estate projects with them, and I value the team's ability to understand our corporate needs and genuinely solve them.”
Joan MejíaManager, GLOBYNE
“They advised us on the feasibility of tokenizing real estate assets in Uruguay with direct, cordial treatment. A professional team, responsive and always available.”
Álvaro Silva SantamaríaCEO, Sp Inmuebles
“Great professionals at structuring tokenized projects, with technical command and attention to detail that inspire full confidence at every stage of the work.”
Francisco BetancourtVerified Google review
“As a blockchain lawyer, I value their experience and professionalism in consulting and executing tokenization projects. Technology partners you can fully trust.”
Vanessa RivasBlockchain lawyer, El Salvador
“Great professionals, very attentive to their clients and always mindful of every detail. Working with their team has been a genuine pleasure from start to finish.”
CriptorentVerified Google review
“A very professional yet approachable company that empathizes with your doubts and needs. Highly recommended for entrepreneurs with a tokenization project.”
Javier EspasaTokenization entrepreneur
“Exceptional in every sense. From legal support I value their rigor and transparency: working with Metlabs means professionalism, innovation and security.”
Pedro A. Agúndez MéndezGoogle Local Guide
“Excellent service across blockchain development, asset tokenization and consulting. A very professional team that I recommend wholeheartedly, without reservation.”
José Luis DíazVerified Google review
“I have worked with them on several projects and they are very professional. A guarantee that everything turns out perfectly. Without a doubt, 100% recommended.”
Ignacio Fernández JiménezVerified Google review
“One of the pioneering firms in web3 solutions, digital assets and tokenization, recognized for its innovation and solid reputation across Spain and Latin America.”
Jorge CorredorLawyer, Rincón Cuéllar & Asociados
“Great professionals at structuring tokenized projects, with technical command and attention to detail that inspire full confidence at every stage of the work.”
Francisco BetancourtVerified Google review
“A very professional yet approachable company that empathizes with your doubts and needs. Highly recommended for entrepreneurs with a tokenization project.”
Javier EspasaTokenization entrepreneur
“I have worked with them on several projects and they are very professional. A guarantee that everything turns out perfectly. Without a doubt, 100% recommended.”
Ignacio Fernández JiménezVerified Google review
“We structured the tokenization of real estate projects with them, and I value the team's ability to understand our corporate needs and genuinely solve them.”
Joan MejíaManager, GLOBYNE
“As a blockchain lawyer, I value their experience and professionalism in consulting and executing tokenization projects. Technology partners you can fully trust.”
Vanessa RivasBlockchain lawyer, El Salvador
“Exceptional in every sense. From legal support I value their rigor and transparency: working with Metlabs means professionalism, innovation and security.”
Pedro A. Agúndez MéndezGoogle Local Guide
“They advised us on the feasibility of tokenizing real estate assets in Uruguay with direct, cordial treatment. A professional team, responsive and always available.”
Álvaro Silva SantamaríaCEO, Sp Inmuebles
“Great professionals, very attentive to their clients and always mindful of every detail. Working with their team has been a genuine pleasure from start to finish.”
CriptorentVerified Google review
“Excellent service across blockchain development, asset tokenization and consulting. A very professional team that I recommend wholeheartedly, without reservation.”
José Luis DíazVerified Google review
Platform
What does our white label tokenization platform include in Belgium?
The investor portal, ERC-3643 tokens and issuer console, under your brand. Out of the box it handles onboarding, signing, payment and distributions; anything else your issuance needs, such as a local payment method or a connection to your bank or custodian, we build on the same platform.
Request a demo
- Your brand and domainYour visual identity and legal notices across the investor portal.
- Investor onboardingSign-up, KYC with eID card or passport, KYB, AML (LBC/FT) and a custodial wallet.
- End-to-end investmentE-signature and payment in euros by SEPA transfer or with stablecoin (USDC/EURC).
- ERC-3643 tokensEach token follows the offer's rules and mirrors the CSA securities register.
- Issuer consoleProjects, investors, euro reconciliation, interest payments and reporting.
- Compliance and audit trailKYC and AML (LBC/FT) file per investor and an exportable audit log.
Institutional custody, integrated
We integrate custody and key management providers through their APIs, including Fireblocks, BitGo, Coinbase Prime, Anchorage Digital, Copper and Ledger Enterprise. Depending on the provider and model, keys are managed with MPC or multisig so that none depends on a single device. If the token is a security, custody on behalf of clients is provided by an authorized entity.
FAQ
Frequently asked questions about tokenization in Belgium
What we are asked before a project starts.
Talk to our teamIs asset tokenization legal in Belgium?
Yes. The Code of Companies and Associations allows electronic registers for registered securities and, since 2021, accounts for dematerialized securities on distributed ledgers. MiCA regulates crypto-assets that are not financial instruments. What requires authorization from the FSMA or the National Bank of Belgium is the activity: placing, holding in custody or trading.
Can shares in a Belgian SRL be tokenized?
Yes, with caveats. Its shares are registered and entered in the company's register; if the register is electronic, the transfer can be signed electronically. Unless the articles provide otherwise, each transfer needs the approval of half the shareholders holding three quarters of the shares, so the token must apply that rule or the articles must change it.
How much can be raised without a prospectus in Belgium?
Since June 5, 2026, a public offer of securities needs no prospectus below €12 million, because Belgium did not use the €5 million option. Below that threshold, the Belgian information note regime applies. A crowdfunding platform allows up to €5 million per project owner.
What is the difference between a registered and a dematerialized security?
A registered security exists through its entry in the company's register, and the token reflects that register. A dematerialized security exists through its booking in an account with a central securities depository or an approved account keeper, which can keep that account on DLT; its holder has a co-ownership right over all securities of the same class.
Asset tokenization
Assets we tokenize in Belgium.
Asset tokenization
Articles on tokenization
Real Asset Tokenization: How RWA Tokenization Works
How to structure an RWA project: holder rights, issuance, recordkeeping, payments and recovery. What blockchain adds and what depends on the legal arrangement.
MiFID II and tokenization: classification, services and limits
MiFID II and tokens: financial instrument classification, investment services and the distinction from MiCA before designing an issuance.
What are the differences between security tokens and utility tokens?
How to distinguish financial rights from service access, what legal classification examines and why a token’s name does not determine its regulation.
Tokenize your asset in Belgium
Tell us which right you want to issue and we will propose the technical structure, timeline and phased budget.
Where we are
We're your tokenization company in:
Metlabs Offices
Av. García Sabell, 1, Edificio Proa 15009 A Coruña, Spain
We tokenize assets in
SpainUnited StatesUAEUnited KingdomMexicoSingaporeAustraliaSwitzerlandColombiaArgentinaChilePeruPortugalGermanyHong KongBrazilEcuadorFranceIndiaPanamaAndorraAustriaBahrainBoliviaCanadaCosta RicaCubaCyprusCzechiaDenmarkDominican RepublicEl SalvadorEstoniaFinlandGreeceGuatemalaHondurasHungaryIrelandIsraelItalyJapanKuwaitLiechtensteinLithuaniaLuxembourgMaltaMonacoMoroccoNetherlandsNew ZealandNicaraguaNigeriaNorwayOmanParaguayPolandPuerto RicoQatarRomaniaSan MarinoSaudi ArabiaSeychellesSouth AfricaSouth KoreaSwedenTurkeyUruguayVenezuela
