Is asset tokenization legal in Peru?

Yes. There is no ban and no specific law: a token representing a bond, a share or a credit right issued en masse and freely transferable is a security and follows the Securities Market Law. What requires registration or authorization is the activity: the public offer, intermediation, the crowdfunding platform or virtual asset services for others.

Can a Peruvian S.R.L. or S.A.C. be tokenized?

Holdings in an S.R.L. cannot be the token: they cannot be embodied in negotiable instruments, and their transfer requires a registered public deed, with a preemptive right for the members. An S.R.L. can still issue notes. An S.A.C. issues shares, but with a maximum of 20 shareholders and a right of first refusal that the bylaws may remove.

How much can be raised through crowdfunding in Peru?

A business project can raise up to 500 UIT, about 2.75 million soles at the 2026 UIT, or up to 1,000 UIT if the platform's risk methodology allows it. A company cannot receive more than 750 UIT over 12 months, or 1,500 in that same case, and each non-institutional investor contributes at most 20% of a project.

Does the token give ownership of the property?

Not by itself. In Peru the token represents a right against the issuer: a note, a share in the owning company or a share of its rents. The property stays recorded in SUNARP's Property Registry in its owner's name, usually the issuing company, and transferring tokens does not replace the transfer of the property.

Asset Tokenization in Peru

They trust Metlabs to tokenize their assets

Why Peru

Why tokenize assets in Peru?

Peru has no law on securities recorded on distributed ledgers, but its general law offers two routes for a token: a private offer under the Securities Market Law, which does not require registering the security, and the crowdfunding platforms authorized by the SMV. For an issuer, the decision is which right to tokenize and how the token is reconciled with the security's legal register.

S/250,000

minimum unit face value at which a securities offer is private and needs no registration

SMV · Securities Market Law, art. 5

500 UIT

maximum per business project in crowdfunding; up to 1,000 UIT if the platform's risk methodology allows it

SMV · Nov 2025

20%

of a project at most per non-institutional investor on a crowdfunding platform

SMV · Crowdfunding Regulation

What gets tokenized

Debt, equity and revenue: what gets tokenized in Peru

Almost every tokenized issuance represents one of these three rights against the issuer. In Peru the right determines the corporate form, whether the security is registered with the SMV and who keeps its book-entry register, and it is settled before the network or the token standard.

Right	Debt	Equity	Revenue
What is issued	Notes and 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 or results of a business: rents, energy sold, sales or royalties.
The token enforces	Coupon and payment schedule Maturity and redemption KYC-identified holders	Dividend distribution Voting rights Right of first refusal in an S.A.C.	Percentage and calculation base Distribution frequency Annual accounting to investors
Issuer	S.A., S.A.C. or S.R.L.	S.A., S.A.C. or S.A.A.	S.A., S.A.C. or S.R.L.
Register	CAVALI (book entry) or certificate	Share ledger or CAVALI	CAVALI or certificate if a security
Law	Securities Law and LGS, arts. 304-305	LGS and Securities Market Law	Securities Law or LGS, art. 440
How it is issued	Notes cannot exceed the company's net equity unless specifically secured, and a public offer of debt longer than one year must take the form of bonds. They require a bondholders' representative, except in issuances for institutional investors. In book-entry form, CAVALI keeps the register and the token mirrors it.	Holdings in an S.R.L. cannot be embodied in negotiable instruments and are transferred by registered public deed, so an equity token starts from a corporation. An S.A.C. allows up to 20 shareholders and cannot register its shares with the SMV; a primary public offer of shares turns the company into an S.A.A.	When issued en masse and freely transferable, a credit right or a share in the issuer's profits is a security. Contractually, it takes the form of an asociación en participación: the managing party runs the business, accounts to investors every year and cannot add participants to the same business without the existing ones' consent.

Regulation

Which regulation applies to tokenization in Peru?

Regulation guide for Peru

Peru has no dedicated regime for tokenized securities: if the token is a security, it follows the consolidated Securities Market Law and the SMV supervises it. A public offer requires registering the security in the Public Securities Market Register and using a licensed intermediary; a private offer is exempt from that registration.

A book-entry security is recorded in the register of a clearing and settlement institution, CAVALI, and is transferred by book-entry transfer. The law allows the SMV to authorize a different registration system subject to its own requirements, which is not the same as recognizing any blockchain network. The same law also voids restrictions on free transfer set in the bylaws or the issuance agreement, so the token's transfer rules rely on those the law itself imposes and are reviewed by the law firm.

There are three routes to investors: a registered public offer; a private offer, aimed at institutional investors or with a unit value of at least 250,000 soles, with legal limits on resale; or a crowdfunding platform authorized by the SMV. Anyone exchanging or holding virtual assets for others also falls under the SBS preventive regime. We coordinate the structure with specialist law firms, and authorized entities provide the regulated services.

Peru

Authorities: SBS and UIF-Peru for VASP preventive supervision; SMV for securities; BCRP for payments
Latest regulatory change: Jul 2026

Key authorisations

Preventive onboarding and compliance officer before UIF-Peru under the VASP regime
Public-offering registration and securities intermediation permissions
Payment authorisation or registration and temporary pilot permission according to activity

Our legal partners

Methodology

How we tokenize an asset in Peru, step by step

The four phases of our methodology, with the parties involved in Peru. 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 S.A., an S.A.C. or an S.R.L. if it only issues debt, the amount and the rules of the issuance.
The law firm classifies the token, drafts the issuance agreement and chooses the route: a public offer registered with the SMV through a licensed intermediary, a private offer or a crowdfunding platform. It also decides whether the security is held in book-entry form at CAVALI or represented by certificates.
We configure the white label platform with your brand: investor onboarding with KYC, signature, payment and ERC-3643 tokens carrying the offer's rules. Reconciling the token with the share ledger or the book-entry register, and coupon or distribution schedules, are custom development.
With the issuer and, where there is one, the brokerage firm or crowdfunding platform placing the issuance, we prepare the offer page and measure the journey to a paid subscription. After the issuance, the platform handles distributions, transfers and reporting.

Issuance structure of a residential complex in Excel for an asset tokenization project

Word legal opinion classifying the tokens in an asset tokenization, with the law firm's tracked changes

Go-to-market funnel of an asset tokenization issuance in PostHog, from visit to paid subscription

Reviews in Peru

What do our clients think of Metlabs?

“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

“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 Peru?

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

White label tokenization platform in Peru on a laptop and a phone, with a residential building in Lima

Your brand and domainYour visual identity and legal notices on the investor portal.
Investor onboardingSign-up, KYC with national ID (DNI), KYB, AML/CFT controls and a custodial wallet.
End-to-end investmentElectronic signature and payment in soles by bank transfer or with USDT/USDC.
ERC-3643 tokensEach subscription is issued under the rules of the LMV private offer.
Issuer consoleProjects, investors, sol reconciliation, distributions and reporting.
Compliance and audit trailKYC and AML/CFT 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 Peru

What we are asked before a project starts.

Talk to our team

Is asset tokenization legal in Peru?
Yes. There is no ban and no specific law: a token representing a bond, a share or a credit right issued en masse and freely transferable is a security and follows the Securities Market Law. What requires registration or authorization is the activity: the public offer, intermediation, the crowdfunding platform or virtual asset services for others.
Can a Peruvian S.R.L. or S.A.C. be tokenized?
Holdings in an S.R.L. cannot be the token: they cannot be embodied in negotiable instruments, and their transfer requires a registered public deed, with a preemptive right for the members. An S.R.L. can still issue notes. An S.A.C. issues shares, but with a maximum of 20 shareholders and a right of first refusal that the bylaws may remove.
How much can be raised through crowdfunding in Peru?
A business project can raise up to 500 UIT, about 2.75 million soles at the 2026 UIT, or up to 1,000 UIT if the platform's risk methodology allows it. A company cannot receive more than 750 UIT over 12 months, or 1,500 in that same case, and each non-institutional investor contributes at most 20% of a project.
Does the token give ownership of the property?
Not by itself. In Peru the token represents a right against the issuer: a note, a share in the owning company or a share of its rents. The property stays recorded in SUNARP's Property Registry in its owner's name, usually the issuing company, and transferring tokens does not replace the transfer of the property.

Asset tokenization

Assets we tokenize in Peru.

Real estate

Shares or debt of the vehicle that owns a property, or a right to its rental income, with the register of holders updated on every transfer.

Energy

Funding for renewable plants, management of energy attribute certificates or output sharing in an energy community, each use under its own rules.

Financial assets

Issuance and lifecycle of tokenized securities. Investor identity, payments and corporate actions live on the same infrastructure.

Carbon credits

Rights over credits identified by project, methodology and vintage, with retirement reconciled in the registry where the program permits tokenization.