Nicaragua“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 Nicaragua
In Nicaragua, an investment token is a security under Capital Markets Law 587: a public offering needs SIBOIF authorization and, to trade on an exchange, the security must sit with a central securities depository. We review with you the right and the technical structure that can be prepared.
Tell us about your project
They trust Metlabs to tokenize their assets
Current framework
Can assets be tokenized in Nicaragua?
There is a formal route, but a narrow one. Law 587 reserves public offerings for parties authorized by SIBOIF and for securities issued in series, and only securities held at a central securities depository trade on an exchange, with its register identifying the holder. The BCN virtual asset rules exclude securities, and our guide records documented difficulties in defending property rights.
2006
year of Capital Markets Law 587, which reserves public securities offerings for parties authorized by SIBOIF
BCN · Law 587360
days of term from which a debt security must be issued as a bond rather than commercial paper
Law 587, art. 232025
year of the BCN regulation on virtual asset service providers, which leaves securities out of its definition
BCN · VASP regulationWhat gets tokenized
Debt, equity and revenue: what gets tokenized in Nicaragua
Almost every tokenized issuance represents one of these three rights against the issuer. In Nicaragua, an economic right is a security if it can trade on an exchange, and the superintendent decides when in doubt. If the security is held at a central securities depository, its book-entry register identifies the holder, not the token.
| Right | Debt | Equity | Revenue |
|---|---|---|---|
| What is issued | Bonds and commercial paper | Corporation shares | Securitization securities |
| The investor receives | The investor lends to the issuer and receives interest and, at maturity, the principal. | The investor joins the capital: dividends, voting rights and a share of any sale or liquidation. | The investor is paid from a fund made up of assets that already generate income, such as loans, receivables or mortgages. |
| The token enforces |
|
|
|
| Issuer | Issuer authorized by SIBOIF | S.A. (corporation) | Authorized fund manager |
| Register | Central securities depository | Share register or depository | Electronic book entry |
| Law | Law 587, arts. 9-11 and 23 | Law 587, arts. 21 and 145 | Law 587, arts. 111 and 121 |
| How it is issued | Only securities issued in series, homogeneous and fungible, can be offered to the public, with SIBOIF authorization and a registered prospectus. Below 360 days, debt is commercial paper; from there on, it is a bond. To trade on an exchange the security must sit with a central securities depository, so the token would be a technical mirror of that register. | When the founders subscribe every share in a single act, it is not a public offering; successive incorporation and capital increases open to third parties are. A central securities depository can keep the issuer's share register, and deposited securities transfer by entry in its book-entry register. | Only assets that already generate cash flows and sit on the originator's balance sheet can be securitized: the law excludes mere expectations and future rights. The fund's securities exist only as electronic book entries. A revenue right outside that structure can still be a security if the superintendent classifies it as one. |
Regulation
Regulation guide for NicaraguaWhich regulation applies to tokenization in Nicaragua?
Capital Markets Law 587, with SIBOIF as supervisor. There is no regime for tokenized securities: a tradable economic right is a security, its public offering needs authorization and a registered prospectus, and only securities registered with a central securities depository trade on an exchange. The BCN regulation on virtual assets leaves securities out.
Outside a full public offering, the route that exists is narrow and still runs through SIBOIF: the superintendent can exempt an offering in whole or in part because of its small amount, the restricted number of buyers or the investors' qualification, unless the issuer already has securities admitted to an exchange. A BCN virtual asset service provider license does not replace that authorization.
Our guide also records documented difficulties in defending property rights, and the EU and the United States maintain measures against designated persons and entities, which are reviewed for each counterparty. What can be prepared is the analysis of the right, the SIBOIF filing and the platform. We coordinate that work with the law firm, and only authorized entities provide the regulated services.
Nicaragua
UnfavourableScore48
- Scope
- Nicaragua
- Authorities
- BCN, UAF, SIBOIF
- Latest regulatory change
- Jul 2026
Applicable frameworks
| Framework | Applies to | Key authorisations |
|---|---|---|
| Norma CDMF-XIII-2-25 / Reglamento GG-08-MAYO-2025-LASMF-DO, reformados | Exchange, transfer, custody and other VASP services | BCN VASP licence or registration |
| Ley 977, reformada por Ley 1215 | AML/CFT/CPF duties of obliged entities | Compliance duties, not an additional licence |
Our legal partners
Methodology
How we tokenize an asset in Nicaragua, step by step
The four phases of our methodology, adjusted to the Nicaraguan framework: the first two can be done today, and the last two depend on SIBOIF authorizing or exempting the offering.
We review the asset's title, encumbrances and cash flows and define with the issuer whether the token would represent a bond, a share or a securitization security. That sets the issuing company, the amount and the authorization the issuance would need from SIBOIF.
The law firm assesses whether the right is a security, prepares the issuance resolution and the prospectus, or the exemption request, and agrees with the central securities depository how holders will be registered. Without that authorization, the next phases do not start.
We design the white-label platform and the ERC-3643 tokens with the issuance rules, investor onboarding with KYC and reconciliation with the central securities depository, whose book-entry register is what identifies the holder before the issuer.
Fundraising only starts once SIBOIF has authorized or exempted the offering. Then we prepare the offering page with the issuer and, if it places the issuance, the brokerage firm; until that point no offer is made to investors.
Reviews in Nicaragua
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 Nicaragua
What we are asked before a project starts.
Talk to our teamIs it legal to tokenize assets in Nicaragua?
There is no specific regime for tokenized securities. An investment token is a security under Law 587, and offering it to the public requires SIBOIF authorization, issuance in series and a registered prospectus. If the security is held at a central securities depository, its register identifies the holder, not the token.
Does a BCN virtual asset license allow investment tokens to be offered?
No. The 2025 BCN regulation defines a virtual asset excluding digital representations of securities and other financial assets. A token representing debt, shares or a tradable economic right follows Law 587 and its supervisor, SIBOIF, even if a provider licensed by the BCN distributes it.
Is there a private offering without authorization in Nicaragua?
The law does not set one out as a free route. The superintendent can exempt an offering in whole or in part because of its small amount, the restricted number of buyers or the investors' qualification, and only securities issued in series can be offered to the public. Non-serial securities follow commercial law, with no public offering.
Does the token grant ownership of the asset?
Not by itself. The token would represent a right against the issuer or against a securitization fund, and Law 587 presumes that the holder is whoever appears in the book-entry register of securities. The issuance documents set out what the investor acquires.
Asset tokenization
Assets we tokenize in Nicaragua.
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 Nicaragua
Tell us which right you want to issue and we will review the structure and what Law 587 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 SalvadorEstoniaFinlandGreeceGuatemalaHondurasHungaryIrelandIsraelItalyJapanKuwaitLiechtensteinLithuaniaLuxembourgMaltaMonacoMoroccoNetherlandsNew ZealandNigeriaNorwayOmanParaguayPolandPuerto RicoQatarRomaniaSan MarinoSaudi ArabiaSeychellesSouth AfricaSouth KoreaSwedenTurkeyUruguayVenezuela
