Cyprus“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 Cyprus
We build the platform to tokenize debt, shares and revenue rights in Cyprus: investor onboarding, ERC-3643 tokens and reconciliation with the company's register, coordinated with the law firm that structures the issuance under Cap. 113, Law 87(I)/2017 or MiCA.
Tokenize your asset
They trust Metlabs to tokenize their assets
Why Cyprus
Why tokenize assets in Cyprus?
Cyprus applies MiCA with CySEC as supervisor, which has already authorized 16 crypto-asset service providers, and since 2025 it has accepted applications under the DLT pilot regime. Tokenized securities follow Law 87(I)/2017 and the Companies Law. For an issuer, the first decision is the vehicle: a private Ltd cannot offer its shares or debentures to the public.
50
members at most in a private Ltd, which also cannot invite the public to subscribe for shares or debentures
Cap. 113, s. 29What gets tokenized
Debt, equity and revenue: what gets tokenized in Cyprus
Almost every tokenized issuance represents one of these three rights against the issuer. The right determines the type of company, the applicable law and the register that evidences ownership, and it is settled before the network or the token standard.
| Right | Debt | Equity | Revenue |
|---|---|---|---|
| What is issued | Debentures and bonds | 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 | Plc; a private Ltd with no public offer | Plc; Ltd with up to 50 members | Ltd or Plc |
| Register | Register of debenture holders | Register of members | Company register if a security |
| Law | Cap. 113 and Law 87(I)/2017 | Cap. 113 and Law 87(I)/2017 | Law 87(I)/2017 or MiCA |
| How it is issued | Every company keeps a register of debenture holders, and Cap. 113 bars a private Ltd from inviting the public to subscribe for its debentures, so an open issuance is made by a Plc. With no dedicated law on DLT securities, the token mirrors that register, and each transfer is registered with the instrument of transfer required by s. 73. | A private Ltd's articles must restrict the transfer of its shares, cap its members at 50 and prohibit any invitation to the public to subscribe, so its token circulates within a closed group. The register of members is prima facie evidence of ownership, and the token is reconciled with it. | Classification is decided case by case: if it meets the definition of a financial instrument in Law 87(I)/2017, which transposes MiFID II, securities rules apply; if not, and it is fungible, it may fall under MiCA. The right is set out in the contract with the issuer. |
Regulation
Regulation guide for CyprusWhich regulation applies to tokenization in Cyprus?
It depends on the right the token represents. If it is a financial instrument, such as a debenture or a share, it follows Law 87(I)/2017, which transposes MiFID II, and the EU prospectus rules, with CySEC as supervisor; the issuing company is also governed by Cap. 113. If not, it may fall under MiCA, which excludes financial instruments and unique, non-fungible tokens.
Cyprus has no dedicated law on securities held on a distributed ledger, so the token sits alongside the registers Cap. 113 requires: the register of members, which is prima facie evidence of what it records, and the register of debenture holders. The specific route for trading and settling securities on DLT is the EU pilot regime, for which CySEC has accepted permission applications since June 2025; that permission comes on top of authorization as an investment firm, regulated market or central securities depository.
To reach investors, the issuance can go ahead with a prospectus approved by CySEC, rely on an exemption or be placed on an authorized crowdfunding platform. If the project holds or transfers e-money tokens on behalf of clients, the Central Bank of Cyprus may also require a payments authorization. We coordinate the structure with specialist law firms, and the regulated services are provided by authorized entities.
Cyprus
FavourableScore89
- Authorities
- CySEC and Central Bank of Cyprus according to entity and activity
- Latest regulatory change
- Aug 2026
Key authorisations
- CASP authorisation or applicable Article 60 route
- Payment entitlement for certain EMT operations
- Sectoral and specific DLT infrastructure permissions
- MiCA and payment passport notifications where applicable
Our legal partners
Methodology
How we tokenize an asset in Cyprus, step by step
The four phases of our methodology, with the parties involved in Cyprus. 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, a private Ltd for a closed group or a Plc for an open offer, the amount and the rules of the issuance.
The law firm classifies the token against the criteria of Law 87(I)/2017 or MiCA, drafts the issuance documents and chooses the offer route: a prospectus with CySEC, an exemption or a crowdfunding platform. Where needed, the company amends its articles to stop being a private company before issuing.
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 a private Ltd's transfer restrictions. Reconciliation with the register of members or debenture holders and payment 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 Cyprus
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 Cyprus?
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 Cypriot identity card, KYB, AML checks and a custodial wallet.
- End-to-end investmentE-signature and payment in euros by SEPA transfer or with stablecoin (USDC/EURC).
- ERC-3643 tokensEvery subscription is issued under the rules of the offer to qualified investors.
- Issuer consoleProjects, investors, euro reconciliation, distributions and reporting.
- Compliance and audit trailKYC and AML file (Law 188(I)/2007) 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 Cyprus
What we are asked before a project starts.
Talk to our teamIs asset tokenization legal in Cyprus?
Yes. A token that is a financial instrument follows Law 87(I)/2017 and the Companies Law, and MiCA regulates crypto-assets that are not. What requires authorization is the activity: providing crypto-asset services with CySEC's authorization, placing or trading securities as an investment firm, or operating a DLT pilot regime infrastructure.
Can a Cypriot private Ltd tokenize its shares?
Yes, for a closed circle: its articles restrict transfers, cap its members at 50 and prohibit inviting the public to subscribe for shares or debentures. The company only registers a transfer once it receives the instrument required by s. 73 of Cap. 113. For an open offer, it amends its articles and stops being a private company.
How much can be raised without a prospectus in Cyprus?
It depends on the route. A crowdfunding platform allows up to €5 million per project owner over 12 months. Outside it, the exemption threshold is set by the Prospectus Regulation, which the EU Listing Act revised in 2024 with effect from June 2026, leaving room for each member state. The law firm confirms the applicable figure for each offer.
Does the token give ownership of the property?
Not by itself. In Cyprus the token represents a right against the issuer: a debenture, a share in the owning company or a right to its rents. The property stays recorded with the Department of Lands and Surveys in its owner's name, usually the issuing company, and the issuance documents set out what the investor acquires.
Asset tokenization
Assets we tokenize in Cyprus.
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.
OpenZeppelin and ERC-3643: how a security token is built
What OpenZeppelin libraries and ERC-3643 controls provide, and what a securities issuance also requires: rights, permissions, operations and review.
Tokenize your asset in Cyprus
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 KongBrazilEcuadorFranceIndiaPanamaAndorraAustriaBahrainBelgiumBoliviaCanadaCosta RicaCubaCzechiaDenmarkDominican RepublicEl SalvadorEstoniaFinlandGreeceGuatemalaHondurasHungaryIrelandIsraelItalyJapanKuwaitLiechtensteinLithuaniaLuxembourgMaltaMonacoMoroccoNetherlandsNew ZealandNicaraguaNigeriaNorwayOmanParaguayPolandPuerto RicoQatarRomaniaSan MarinoSaudi ArabiaSeychellesSouth AfricaSouth KoreaSwedenTurkeyUruguayVenezuela
