Finland“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 Finland
We build the platform to tokenize bonds, shares and revenue rights in Finland: investor onboarding, ERC-3643 tokens and a connection to whichever register each issuance requires, coordinated with the law firm that structures it under Finnish securities law or MiCA.
Tokenize your asset
They trust Metlabs to tokenize their assets
Why Finland
Why tokenize assets in Finland?
Finland has no dedicated law on tokenized securities, but since 2023 its Companies Act has allowed shares to be recorded in a DLT Pilot Regime settlement system, and shares in a private Oy are securities that can be offered to the public. The practical decision is which right to tokenize and who keeps its legal register.
€80,000
minimum share capital of an Oyj, the public limited company, the only one whose shares can trade on a regulated market
Companies Act 624/2006€1M
from this amount over 12 months, a prospectus-exempt offer must publish a key information document and file it with FIN-FSA
Securities Markets Act 746/2012What gets tokenized
Debt, equity and revenue: what gets tokenized in Finland
Almost every tokenized issuance represents one of these three rights against the issuer. In Finland, the right determines the applicable law and who keeps the legally effective register, and it is settled before the network or the token standard.
| Right | Debt | Equity | Revenue |
|---|---|---|---|
| What is issued | Bonds (joukkovelkakirjat) | Shares (osakkeet) | 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 | Oy or Oyj | Oy or Oyj | Oy or Oyj |
| Register | Euroclear Finland or a DLT system | Osakasluettelo or Euroclear Finland | Set by its classification |
| Law | Securities Markets Act 746/2012 | Companies Act 624/2006 | Securities Markets Act or MiCA |
| How it is issued | Securities law treats them as securities, and both an Oy and an Oyj can issue them, although an Oy cannot take them to a regulated market. In book-entry form, the register is Euroclear Finland, the country's only central securities depository, or an authorized DLT Pilot Regime system. | Shares in a private Oy are securities and can be offered to the public, though not listed on a regulated market. Outside Euroclear, the board keeps the shareholder register and records each transfer once it receives proof of the acquisition and of payment of the transfer tax. | Classification is decided case by case under ESMA's guidelines: if it is a security, securities law applies; if not, and it is fungible, it may fall under MiCA. If it is agreed as a subordinated capital loan (pääomalaina), company law only allows it to be repaid and remunerated from unrestricted equity. |
Regulation
Regulation guide for FinlandWhich regulation applies to tokenization in Finland?
It depends on the right the token represents. If it is a financial instrument, such as a bond or a share, it follows the Finnish Securities Markets Act (Arvopaperimarkkinalaki) and EU prospectus rules, with FIN-FSA as supervisor. If not, it may fall under MiCA and Act 402/2024, which implements it; both exclude financial instruments.
There is no national law on DLT securities. What exists is a 2023 amendment to the Companies Act: shares can be recorded in a settlement system under the EU Pilot Regime and, if that system is exempt from book-entry form, the technical solution must guarantee the shareholder register and the exercise of shareholder rights. In January 2026 no Finnish infrastructure appeared on ESMA's Pilot Regime list, so a Finnish company's shares are recorded with Euroclear Finland, in the register kept by the board or in an infrastructure authorized in another member state.
There are three routes to investors: an offer with an approved prospectus; an exempt offer, which from €1 million over 12 months requires a key information document published and filed with FIN-FSA; or a crowdfunding platform authorized under the EU regulation. The law firm structures the issuance with us, and authorized entities provide the regulated services.
Finland
FavourableScore89
- Authorities
- FIN-FSA, alongside specific consumer, resolution and tax authority responsibilities
- Latest regulatory change
- Jun 2026
Key authorisations
- CASP authorisation or applicable Article 60 notification
- MiCA passporting for authorised services
- ART or EMT issuance entitlement according to asset
- Investment or infrastructure permissions for tokenized securities
Our legal partners
Methodology
How we tokenize an asset in Finland, step by step
The four phases of our methodology, with the parties involved in Finland. 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 a bond, shares or a revenue right. That sets the vehicle, an Oy, or an Oyj if a regulated market is the goal, the amount and the rules of the issuance.
The law firm classifies the token, drafts the terms or the articles of association and chooses the offer route: prospectus, exempt offer with its key information document or crowdfunding platform. It also decides whether the shares or bonds are recorded with Euroclear Finland or stay in the company's own register.
We configure the white label platform with your brand: investor onboarding with KYC, signature, payment and ERC-3643 tokens carrying the offer's rules and the clauses in the articles. Reconciliation with the shareholder register 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 Finland
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 Finland?
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 henkilökortti or passport, 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 tokensEach token is issued with the offer's rules and reconciled with the issuer's register.
- Issuer consoleProjects, investors, euro reconciliation, interest payments and reporting.
- Compliance and audit trailKYC file for each investor under Act 444/2017, 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 Finland
What we are asked before a project starts.
Talk to our teamIs asset tokenization legal in Finland?
Yes. A tokenized share or bond is still a security subject to the Securities Markets Act, and MiCA, together with Act 402/2024, regulates crypto-assets that are not financial instruments. What requires authorization is the activity: placing the issuance, operating a trading system or holding assets in custody for others.
Can a Finnish Oy tokenize its shares?
Yes. Its shares are securities and can be offered to the public; only the regulated market is closed to it, as that is reserved for the Oyj. If they stay outside Euroclear, the board records each transfer in the shareholder register on proof of acquisition, and the articles can set consent or redemption clauses that the token enforces on every transfer.
How much can be raised without a prospectus in Finland?
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 EU Prospectus Regulation, which the Listing Act revised in 2024, and from €1 million Finnish law requires a key information document. The law firm confirms it for each offer.
Does the token give ownership of the property?
Not by itself. The property stays recorded in the land register of the National Land Survey (Maanmittauslaitos), and housing company shares that give the right to an apartment are recorded in its own system and cannot enter the book-entry system. The token represents a right against the issuing company.
Asset tokenization
Assets we tokenize in Finland.
Asset tokenization
Articles on tokenization
What is tokenization of companies and startups? Essential guide 2026
Rights, company form, DLT records and funding routes: criteria for structuring a company issuance without assuming liquidity.
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 Finland
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 RicaCubaCyprusCzechiaDenmarkDominican RepublicEl SalvadorEstoniaGreeceGuatemalaHondurasHungaryIrelandIsraelItalyJapanKuwaitLiechtensteinLithuaniaLuxembourgMaltaMonacoMoroccoNetherlandsNew ZealandNicaraguaNigeriaNorwayOmanParaguayPolandPuerto RicoQatarRomaniaSan MarinoSaudi ArabiaSeychellesSouth AfricaSouth KoreaSwedenTurkeyUruguayVenezuela
