Honduras“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 Honduras
Since 2024, the Honduran CNBS has barred the entities it supervises from dealing in tokens the Central Bank has not authorized. We analyze with you the right to issue, the formal route under the Securities Market Law and the technical structure to prepare if the framework allows it.
Tell us about your project
They trust Metlabs to tokenize their assets
Current framework
Can assets be tokenized in Honduras?
Today there is no established route for a tokenized issuance aimed at the Honduran public. Since February 9, 2024, CNBS Resolution GEE 069/09-02-2024 has prohibited the entities it supervises from dealing in tokens not issued or authorized by the BCH, and every public offering needs CNBS authorization and, to be intermediated, a brokerage firm.
2024
year of Resolution GEE 069/09-02-2024, which prohibits CNBS-supervised entities from dealing in tokens not authorized by the BCH
CNBS · Circular 003/202430
business days for the CNBS to decide on registering a security in its register
Securities Market Law, art. 142001
year of the Securities Market Law, Decree 8-2001, which requires authorization and registration for every public offering
CNBS · Decree 8-2001What gets tokenized
Debt, equity and revenue: what gets tokenized in Honduras
Almost every tokenized issuance represents one of these three rights against the issuer. In Honduras all three are securities or economic rights that the law subjects to authorization before they are offered to the public, and none has an established route today to be represented as a token in that offering.
| Right | Debt | Equity | Revenue |
|---|---|---|---|
| What is issued | Bonds and notes | Shares | Economic 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 would receive a share of an asset's income: rents, sales, energy or royalties. |
| The token enforces |
|
|
|
| Issuer | Registered legal entity | Share-issuing company | Legal entity |
| Register | Book entry or certificate | Book entry or certificate | No established register |
| Law | Only with CNBS authorization | Securities Market Law, art. 11 | Securities Market Law, art. 12 |
| How it is issued | The law lists bonds and other transferable obligations among securities, and their public offering requires both the security and the issuer to be registered with the CNBS. Today there is no established route for that issuance to be a token: the CNBS prohibits the entities it supervises, brokerage firms included, from dealing in tokens not authorized by the BCH. | Shares are securities, and a company can register them with the CNBS to offer them to the public. As with debt, the public offering and its intermediation by a brokerage firm currently clash with the 2024 prohibition if the security is represented as a token. | Any contract or right with economic content, whether or not embodied in a document, needs CNBS authorization and registration before it is offered to the public. A private offering is only one made by the holder to a specific person, without a brokerage firm, so it cannot be used to raise funds from the public. |
Regulation
Regulation guide for HondurasWhich regulation applies to tokenization in Honduras?
The Securities Market Law, Decree 8-2001, and CNBS Resolution GEE 069/09-02-2024. Neither creates a regime for tokenized securities. The law requires CNBS authorization and registration in the Public Securities Market Registry before a security is offered to the public, and the resolution prohibits supervised institutions from holding, investing in, intermediating or dealing in tokens not issued or authorized by the BCH.
The prohibition also covers assets or liabilities whose returns are tied to crypto-assets or tokens, and the CNBS clarification of February 2024 confirms it: whatever a user does outside the financial system is at their own risk. Because only brokerage firms, which the CNBS supervises, can intermediate publicly offered securities, the formal route currently clashes with that prohibition when the security is a token.
The CNBS Financial Innovation Hub offers dialogue with the supervisor, foreign companies included, but grants no licenses, permits or product approvals. What can be prepared is the analysis of the right, the issuance documents and the platform, to present them through the formal route if the framework allows it. We coordinate that work with the law firm, and only authorized entities can provide the regulated services.
Honduras
- Authorities
- CNBS for supervised institutions and securities; BCH for monetary authorisation and payments; CONSUCOOP for cooperatives by activity
- Latest regulatory change
- Aug 2024
Key authorisations
- Specific prohibition for CNBS-supervised institutions
- Activity-specific payment and electronic-money authorisations
- No general VASP route established in the reviewed sources
Our legal partners
Methodology
How we tokenize an asset in Honduras, step by step
The four phases of our methodology, adjusted to the Honduran framework: the first two can be done today, and the last two depend on an authorized route for the issuance.
We review the asset's title, encumbrances and cash flows, and define with the issuer which right the token would represent: debt, shares or an economic right. That sets the vehicle, the amount and the authorization and registration the issuance would need from the CNBS.
The law firm analyzes the fit with the Securities Market Law and Resolution GEE 069/09-02-2024, and prepares the inquiry or application to the CNBS. As long as there is no established route for issuing tokens to the public, the following phases do not start.
We design the white label platform and the ERC-3643 tokens with the issuance's rules, investor onboarding with KYC and the holder register, ready to connect to the brokerage firm or securities depository that the authorized route requires.
Investor acquisition only starts once the offering is authorized and registered. At that point we prepare the offer page with the issuer and the brokerage firm and measure the journey to a subscription; until then, no offer is addressed to investors.
Reviews in Honduras
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?
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 texts across the investor portal.
- Investor onboardingSign-up, KYC, KYB and AML checks, and a custodial wallet per investor.
- End-to-end investmentE-signature and payment by SEPA transfer or stablecoin (USDC/EURC).
- ERC-3643 tokensEvery subscription is issued under the offering's rules.
- Issuer consoleProjects, investors, reconciliation, distributions and reporting.
- Compliance and audit trailKYC status per user 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 Honduras
What we are asked before a project starts.
Talk to our teamIs asset tokenization legal in Honduras?
Today there is no established route for issuing tokens to the public. Since February 2024 the CNBS has prohibited the institutions it supervises from dealing in tokens not authorized by the BCH, and every public offering needs its authorization and registration. Designing the structure and the technology is not prohibited, but it does not authorize offering anything.
Does the CNBS prohibition apply to every Honduran company?
It is addressed to institutions supervised by the CNBS, such as banks and brokerage firms, and to what their clients do on their platforms. It is not a general ban on holding, but an unsupervised company has no general license for virtual asset services either, and offering securities to the public still requires CNBS authorization.
Is there a private offering that needs no authorization in Honduras?
The law only treats as private an offering made directly by a security's holder to a specific person, without a brokerage firm. Any offer to the public or to specific groups is a public offering and requires CNBS authorization and registration, and the CNBS has 30 business days to decide on the registration.
Can the Financial Innovation Hub authorize a project?
No. The hub is a channel for dialogue with the CNBS for companies and initiatives, foreign ones included, and its FAQ states that it grants no licenses, permits or certificates of operation or authorization. It is a place to present the project to the supervisor, not to issue.
Asset tokenization
Assets we tokenize in Honduras.
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.
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.
Let's talk about your project in Honduras
Tell us which right you want to issue and we will analyze the structure and what the Honduran framework requires today, without committing to issuance timelines.
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 SalvadorEstoniaFinlandGreeceGuatemalaHungaryIrelandIsraelItalyJapanKuwaitLiechtensteinLithuaniaLuxembourgMaltaMonacoMoroccoNetherlandsNew ZealandNicaraguaNigeriaNorwayOmanParaguayPolandPuerto RicoQatarRomaniaSan MarinoSaudi ArabiaSeychellesSouth AfricaSouth KoreaSwedenTurkeyUruguayVenezuela
