Norway“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 Norway
We build the platform to tokenize debt, shares and revenue rights in Norway: investor onboarding, ERC-3643 tokens and a connection to the shareholder register or the central securities depository, coordinated with the law firm that structures the issuance under the securities act or the Crypto-Assets Act.
Tokenize your asset
They trust Metlabs to tokenize their assets
Why Norway
Why tokenize assets in Norway?
Norway is in the EEA, not the EU, so it brings in European rules on its own dates: the DLT Pilot Regime for securities has applied since August 2024 and MiCA since July 2025. It has no law of its own on DLT securities, so the token follows company and securities law, with the register each of them requires.
2024
year since which the EU DLT Pilot Regime has applied in Norway, incorporated into the securities act
FinanstilsynetWhat gets tokenized
Debt, equity and revenue: what gets tokenized in Norway
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 (obligasjoner) | Shares (aksjer) | 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 | AS or ASA | AS or ASA | AS or ASA |
| Register | CSD if traded; otherwise issuer | Aksjeeierbok or CSD | Issuer, or CSD if a security |
| Law | Verdipapirhandelloven | Aksjeloven and allmennaksjeloven | Verdipapirhandelloven or MiCA |
| How it is issued | Norway has no DLT securities regime of its own: it applies the EU Pilot Regime, incorporated into the securities act since August 1, 2024, which allows DLT trading and settlement infrastructures. Outside it, a bond traded on a trading venue must be recorded with a central securities depository. | An ASA must keep its shareholder register with a central securities depository. An AS keeps it in its aksjeeierbok, unless the articles choose a depository, and by default each purchase needs the company's consent and shareholders have a right of first refusal: the token applies those rules or the articles remove them. | Classification is decided case by case: if the right is a financial instrument under the securities act, that regime applies; if not, and it is fungible, it may fall under the Crypto-Assets Act. Norges Bank distinguishes representing an existing asset from issuing a new one on the network, and the documentation settles which it is. |
Regulation
Regulation guide for NorwayWhich regulation applies to tokenization in Norway?
It depends on the right the token represents. If it is a financial instrument, it falls outside MiCA and follows the verdipapirhandelloven, Norway's securities act, supervised by Finanstilsynet. If not, it may fall under the Crypto-Assets Act, which brought in MiCA on July 1, 2025. Because Norway belongs to the EEA, each European rule applies once it is incorporated into the EEA Agreement.
For issuing and trading securities on DLT, the EU Pilot Regime has applied since August 1, 2024 through section 8-2 of the securities act, and Finanstilsynet has published guidelines for applications from DLT infrastructures. The EU prospectus reform follows the same path: the government proposed its incorporation in June 2026 with Prop. 104 LS.
The Crypto-Assets Act authorizes by entity and by service, and continuity for formerly registered providers ended on June 30, 2026. We design the structure with the law firm, and authorized entities provide the regulated services.
Norway
FavourableScore95
- Authorities
- Finanstilsynet; Norges Bank for its monetary and infrastructure responsibilities
- Latest regulatory change
- Jul 2026
Key authorisations
- CASP authorisation or applicable Article 60 notification
- Notification for cross-border EEA services
- ART or EMT issuance entitlement according to asset
- Specific financial permissions for tokenized securities
Our legal partners
Methodology
How we tokenize an asset in Norway, step by step
The four phases of our methodology, with the parties involved in Norway. 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, an AS or an ASA, the amount and the rules of the issuance.
The law firm classifies the token as a financial instrument or a crypto-asset, drafts the terms and chooses the offer route. If the token is a security, it also decides which register governs: the aksjeeierbok, a central securities depository or a DLT Pilot Regime infrastructure.
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 an AS's consent and first refusal rights. The shareholder register connection 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 Norway
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 Norway?
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 passport or eID, KYB, hvitvaskingsloven checks, custodial wallet.
- End-to-end investmentE-signature and payment in kroner by bank transfer or with stablecoin (USDC/EURC).
- ERC-3643 tokensEvery transfer is entered in the aksjeeierbok, between qualified investors only.
- Issuer consoleProjects, investors, krone reconciliation, dividend distributions and reporting.
- Compliance and audit trailKYC and anti-money laundering file 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 Norway
What we are asked before a project starts.
Talk to our teamIs asset tokenization legal in Norway?
Yes. A token can represent a bond, a share or a revenue right: company and securities law apply and, for crypto-assets that are not financial instruments, the Crypto-Assets Act. What requires Finanstilsynet authorization is the activity: placing, holding in custody, trading or operating a DLT infrastructure.
Can shares in a Norwegian AS be tokenized?
Yes, if the token respects its rules. By default, each purchase of shares in an AS needs the company's consent and the other shareholders have a right of first refusal, unless the articles say otherwise. The buyer can also only exercise shareholder rights once the purchase is in the aksjeeierbok or has been notified and evidenced, except dividends and new shares.
How much can be raised without a prospectus in Norway?
Today the Securities Trading Act (§ 7-3) exempts offers under €8 million over 12 months from the EU prospectus; between €1 million and €8 million a national prospectus is required. In June 2026 the government proposed Prop. 104 LS to adopt the EU prospectus reform, which raises the threshold to €12 million in the EU.
What does the DLT Pilot Regime add to an issuance?
It allows an authorized infrastructure to trade and settle securities on DLT with exemptions from some central securities depository rules. In Norway it has applied since August 1, 2024, and Finanstilsynet handles the applications. Outside it, the register that counts is still the central securities depository's or the company's.
Asset tokenization
Assets we tokenize in Norway.
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.
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.
Tokenize your asset in Norway
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 SalvadorEstoniaFinlandGreeceGuatemalaHondurasHungaryIrelandIsraelItalyJapanKuwaitLiechtensteinLithuaniaLuxembourgMaltaMonacoMoroccoNetherlandsNew ZealandNicaraguaNigeriaOmanParaguayPolandPuerto RicoQatarRomaniaSan MarinoSaudi ArabiaSeychellesSouth AfricaSouth KoreaSwedenTurkeyUruguayVenezuela
