Greece“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 Greece
We build the platform to tokenize bonds, shares and revenue rights in Greece: investor onboarding, ERC-3643 tokens and integration with the register that Law 5113/2024 requires, coordinated with the law firm that structures the issuance before the HCMC or under MiCA.
Tokenize your asset
They trust Metlabs to tokenize their assets
Why Greece
Why tokenize assets in Greece?
Greece has regulated securities issued on DLT since Law 5113/2024: they are recorded with a central securities depository or an infrastructure under the EU pilot regime, and the holder is whoever appears in that register. A 2022 law had already made smart contracts binding. The practical limit is that ESMA's January 2026 list shows no authorized DLT infrastructure in the country.
2024
year of Law 5113/2024, which governs securities issued, recorded and transferred on DLT
Government Gazette · Jun 21, 2024What gets tokenized
Debt, equity and revenue: what gets tokenized in Greece
Almost every tokenized issuance represents one of these three rights against the issuer. The right determines the vehicle, the applicable law and who keeps the register, and it is settled before the network or the token standard.
| Right | Debt | Equity | Revenue |
|---|---|---|---|
| What is issued | 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 | A.E. (société anonyme) | A.E. only | A.E. or I.K.E. |
| Register | CSD or DLT infrastructure | CSD or DLT infrastructure | CSD if it is a security |
| Law | Law 4548/2018 and Law 5113/2024 | Law 4548/2018 and Law 5113/2024 | Law 4514/2018 or MiCA |
| How it is issued | Law 4548/2018 governs bond loans issued by an A.E., with no cap on the amount unless the articles set one. On DLT, the bond is recorded with a central securities depository or a pilot regime infrastructure. If it is listed or secured, bondholders form a group with a representative: a bank, an investment firm or another entity the law lists. | If its articles provide for it, an A.E.'s dematerialized shares are held with a central securities depository or on DLT, and the shareholder vis-à-vis the company is whoever appears in that register. Holdings in an I.K.E. cannot be represented as shares, their certificate is not a negotiable instrument, and they are transferred in writing and entered in the partners' book. | Classification is decided case by case: if the right is a transferable security, securities law applies and, on DLT, Law 5113/2024; if not, and it is fungible, it may fall under MiCA and Law 5193/2025. Contractually, it takes the form of a profit participation agreement (αφανής εταιρεία) with no legal personality. |
Regulation
Regulation guide for GreeceWhich regulation applies to tokenization in Greece?
It depends on the right the token represents. If it is a financial instrument, such as a bond or a share, it follows securities law and, when issued on DLT, Law 5113/2024, which names the Hellenic Capital Market Commission (HCMC) as the pilot regime authority. If not, it may fall under MiCA, which Law 5193/2025 supplements and which excludes financial instruments.
Law 5113/2024 does not leave the register to the issuer: a DLT security is recorded with a central securities depository or an infrastructure holding a pilot regime permission, no certificates are issued, and it is transferred by an entry in that register. The Greek central securities depository is Euronext Securities Athens, formerly ATHEXCSD, and ESMA's list does not yet include any authorized DLT infrastructure in Greece.
To reach investors, the offer needs a prospectus approved by the HCMC, an exemption or an authorized crowdfunding platform, which the HCMC also supervises. For crypto-asset services, the HCMC supervises specialist providers and the Bank of Greece steps in when the provider is a bank or a payment institution. We coordinate the structure with specialist law firms, and authorized entities provide the regulated services.
Greece
FavourableScore89
- Authorities
- Hellenic Capital Market Commission, HCMC, and Bank of Greece
- Latest regulatory change
- Jun 2026
Key authorisations
- CASP authorisation or Article 60 notification according to entity
- ART or EMT entitlement and applicable issuance documents
- Notification of cross-border EU services
- Securities and DLT infrastructure permissions according to activity
Our legal partners
Methodology
How we tokenize an asset in Greece, step by step
The four phases of our methodology, with the parties involved in Greece. 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, a share or a revenue right. That sets the vehicle, an A.E. for bonds and shares, the amount and the rules of the issuance.
The law firm classifies the token, drafts the bond loan terms or the amendment to the articles that moves the shares onto DLT, and chooses the offer route: prospectus, exempt offer or crowdfunding platform. If bondholders form a group, the issuer appoints their representative.
We configure the white label platform with your brand: investor onboarding with KYC, signature, payment and ERC-3643 tokens carrying the offer's rules. The connection to the central securities depository or DLT infrastructure that keeps the 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 Greece
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 Greece?
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 Greek 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 4557/2018) 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 Greece
What we are asked before a project starts.
Talk to our teamIs asset tokenization legal in Greece?
Yes. Law 5113/2024 governs transferable securities issued, recorded and transferred on DLT, and MiCA, supplemented by Law 5193/2025, regulates crypto-assets that are not financial instruments. What requires authorization is the activity: keeping the register as a depository or DLT infrastructure, placing the issuance or providing crypto-asset services.
Can a Greek private company (I.K.E.) be tokenized?
Its holdings cannot be the token: the law says they cannot be represented as shares, that the certificate evidencing them is not a negotiable instrument, and that they are transferred in writing and entered in the partners' book. Shares and bonds under Law 4548/2018 belong to the A.E.; an I.K.E. can still assign a right to its revenue by contract.
How much can be raised without a prospectus in Greece?
It depends on the route. An authorized 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 raised with effect from June 2026 while leaving a national option, so the law firm confirms it for each offer.
Who holds a tokenized bond in Greece?
Vis-à-vis the issuer, whoever appears in the register of the central securities depository or the DLT infrastructure, or whoever is identified as the holder through intermediaries. The transfer takes place by an entry in that register, which also records pledges and usufructs. The issuance documents set out what the investor acquires and how the token is reconciled with that register.
Asset tokenization
Assets we tokenize in Greece.
Asset tokenization
Articles on tokenization
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.
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 Greece
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 SalvadorEstoniaFinlandGuatemalaHondurasHungaryIrelandIsraelItalyJapanKuwaitLiechtensteinLithuaniaLuxembourgMaltaMonacoMoroccoNetherlandsNew ZealandNicaraguaNigeriaNorwayOmanParaguayPolandPuerto RicoQatarRomaniaSan MarinoSaudi ArabiaSeychellesSouth AfricaSouth KoreaSwedenTurkeyUruguayVenezuela
