Sweden“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 Sweden
We build the platform to tokenize bonds, shares and revenue rights in Sweden: investor onboarding, ERC-3643 tokens and a connection to whichever register each issuance requires, coordinated with the law firm that structures it under Swedish securities law or MiCA.
Tokenize your asset
They trust Metlabs to tokenize their assets
Why Sweden
Why tokenize assets in Sweden?
In 2023 Sweden adapted its securities law to the DLT Pilot Regime and made clear that instruments issued on distributed ledgers are financial instruments, although it has no dedicated register for tokenized securities. The first decision is about the company: a private AB cannot advertise its shares or notes, so an open offer starts from a public AB.
200
the maximum number of people a private AB can offer its shares or notes to, without advertising them
Companies Act, ch. 1, s. 7SEK 500,000
minimum share capital of a public AB, the form that can offer its securities to the public
Companies Act, ch. 1, s. 142023
the year Swedish law brought instruments issued using distributed ledger technology into the definition of financial instrument
Riksdag, report 2022/23:FiU36What gets tokenized
Debt, equity and revenue: what gets tokenized in Sweden
Almost every tokenized issuance represents one of these three rights against the issuer. In Sweden, the right and the company form determine whether the issuance can be offered to the public and who keeps the register, and they are settled before the network or the token standard.
| Right | Debt | Equity | Revenue |
|---|---|---|---|
| What is issued | Bonds and notes (obligationer) | Shares (aktier) | 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 | AB (publ) for an open offer | AB (publ) for an open offer | AB (publ) for an open offer |
| Register | Euroclear Sweden or a DLT system | Aktiebok or Euroclear Sweden | Set by its classification |
| Law | Securities Market Act 2007:528 | Companies Act 2005:551 | Securities Market Act or MiCA |
| How it is issued | They are financial instruments even when issued on DLT. A private AB cannot advertise its notes or offer them to more than 200 people, so an open offer is made by a public AB. They are recorded with Euroclear Sweden, the Swedish central securities depository, or in an authorized Pilot Regime system. | Shares in a private AB cannot be offered to the public or traded on any organized marketplace. A public AB, with at least SEK 500,000 in share capital, can; if it does not register its shares with the central securities depository, the board keeps the share register (aktiebok) that the token must mirror. | Classification is decided case by case under ESMA's guidelines: if it is a financial instrument, securities law applies; if not, and it is fungible, it may fall under MiCA. A loan whose return rises with the company's profit or dividend (vinstandelslån) must be approved by the general meeting. |
Regulation
Regulation guide for SwedenWhich regulation applies to tokenization in Sweden?
It depends on the right the token represents. If it is a financial instrument, such as a bond or a share, it follows Swedish securities law and EU prospectus rules, with Finansinspektionen (FI) as supervisor. If not, it may fall under MiCA and Act 2024:1159, which supplements it; both exclude financial instruments.
The reform that took effect on March 23, 2023 adapted the central securities depository law and the securities market law to the EU Pilot Regime. It did not create a Swedish register for DLT securities: inquiry report SOU 2023:102 proposes such rules, but it is a study, not a law. In January 2026 no Swedish infrastructure appeared on ESMA's Pilot Regime list, so shares are recorded with Euroclear Sweden, in the board's register or in an infrastructure authorized in another member state.
The constraint that matters most is in company law. It prohibits a private AB and its shareholders from advertising the company's shares, notes or warrants and from offering them to more than 200 people, with narrow exceptions, and those securities cannot trade on any organized marketplace. That is why, for an open offer, the law firm starts from a public AB before choosing the route; authorized entities provide the regulated services.
Sweden
FavourableScore89
- Authorities
- Swedish Financial Supervisory Authority, Finansinspektionen
- Latest regulatory change
- Jul 2026
Key authorisations
- CASP authorisation or applicable Article 60 notification
- MiCA passporting for covered services
- ART or EMT issuance entitlement according to category
- Investment and infrastructure permissions for tokenized securities
Our legal partners
Methodology
How we tokenize an asset in Sweden, step by step
The four phases of our methodology, with the parties involved in Sweden. 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, shares or a revenue right. That sets the vehicle, almost always a public AB if the offer goes to the public, the amount and the rules of the issuance.
The law firm classifies the token, drafts the terms or the articles of association and chooses the offer route: approved prospectus, exempt offer or crowdfunding platform. It also decides whether the company registers its shares with Euroclear Sweden or keeps its own share register.
We configure the white label platform with your brand: investor onboarding with KYC, signature, payment and ERC-3643 tokens carrying the offer's rules and the clauses in the articles. Reconciliation with the share 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 Sweden
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 Sweden?
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 id-kort or passport, KYB, Swedish AML Act checks and a custodial wallet.
- End-to-end investmentE-signature and payment in kronor by bank transfer or with stablecoin (USDC/EURC).
- ERC-3643 tokensEach token is issued with the offer's rules and mirrors the issue's register.
- Issuer consoleProjects, investors, krona reconciliation, interest payments and reporting.
- Compliance and audit trailKYC and AML file for each 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 Sweden
What we are asked before a project starts.
Talk to our teamIs asset tokenization legal in Sweden?
Yes. Since 2023 Swedish law has said expressly that an instrument issued using distributed ledger technology is a financial instrument, and MiCA, together with Act 2024:1159, regulates crypto-assets that are not. What requires authorization is the activity: placing the issuance, operating a trading system or holding assets in custody for others.
Can a private Swedish AB tokenize its shares?
It can issue tokens to a closed circle, but it cannot advertise them or offer them to more than 200 people, except in cases such as an offer to no more than ten acquirers, and they cannot trade on any organized marketplace. For an open offer, the company converts into a public AB, with minimum share capital of SEK 500,000.
How much can be raised without a prospectus in Sweden?
A crowdfunding platform allows up to €5 million per project owner over 12 months, although the ban on advertising a private AB's securities still applies. Outside it, since 5 June 2026 the Swedish prospectus act (lag 2019:414, ch. 2, § 1) exempts offers of up to €12 million over 12 months.
Does the token give ownership of the property?
Not by itself. Ownership of real property is recorded in the Swedish property register through the title registration (lagfart) that the new owner applies for with Lantmäteriet, and a token does not replace it. The token represents a right against the issuing company, usually the property owner, and the issuance terms set out what the investor acquires.
Asset tokenization
Assets we tokenize in Sweden.
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.
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.
Tokenize your asset in Sweden
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 ZealandNicaraguaNigeriaNorwayOmanParaguayPolandPuerto RicoQatarRomaniaSan MarinoSaudi ArabiaSeychellesSouth AfricaSouth KoreaTurkeyUruguayVenezuela
