- Argentina’s CNV regulator has expanded its tokenization framework to incorporate shares and bonds and modernized its capital markets with new digital asset guidelines.
- A brand new social community for digital music followers constructed round NFT tickets has gathered over 800,000 customers throughout Latin America.
of Argentinian startup BOMBO has confirmed gross sales of over 1 million tokenized tickets since its launch two years in the past. These non-fungible tokens (NFTs) are used to entry greater than 1,300 digital music occasions throughout the nation. This industrial exercise shaped the idea for the corporate’s latest enlargement. Chile and Perua transfer that’s carried out with out dependence on exterior funding capital.
The platform was initially designed to fight ticket fraud prevalent within the reside occasions business. Leverage the traceable nature of blockchain-based tokens to confirm the authenticity of every entry path. The system additionally simplifies gross sales administration and monitoring for occasion organizers.
This growth is meant to foster group interplay and assist the natural promotion of occasions. The social part at present has a reported person base of over 800,000 individuals. Leveraging this established person community and expertise infrastructure, the corporate started increasing in Latin America.
Tickets at the moment are accessible for digital music occasions scheduled for the rest of 2025 and 2026 in Chile and Peru. The corporate additionally famous a restricted variety of occasions in Uruguay. The choice of Chile and Peru as enlargement locations was based mostly on recognized market wants. Each international locations host a variety of occasions, however reportedly lack complete instruments to assist native communities.
Consequently, the startup set particular market acquisition targets in its first 12 months. In Chile, the purpose is to safe 50% of all giant festivals. Within the case of Peru, the targets embrace capturing at the very least 25% of the digital music market.
A consultant from the corporate mentioned that Digital Scene is: latin america is rising every single day, but it surely nonetheless lacks the instruments to guard the general public, empower producers, and supply true visibility to native expertise.
In Chile, the primary occasions accessible for buy on the platform are: artwork batscheduled for October thirty first. This will likely be adopted by the Resistance Competition in December and the Ellow occasion in January. For its debut in Peru, the platform is promoting tickets for the December fifth Resistance occasion, which is able to function worldwide DJs reminiscent of Adam Beyer and Kororova.
Argentine regulator expands scope of capital markets tokenization framework
Argentina Nationwide Securities Fee (CNV) accepted new amendments to the tokenization regime by way of Normal Decision No. 1087. This replace expands the scope of the framework initially established in RG 1081. The regulator introduced that this measure goals to proceed innovation, embody extra permissible devices and simplify the method of digital illustration in capital markets.
The vary of economic merchandise coated by this digital illustration has been expanded. This replace consists of belongings reminiscent of inventory, negotiable debt, debt proxy securities, certificates of participation in monetary trusts, and models of closed widespread credit score funding funds by way of public choices.
CNV President Roberto E. Silva mentioned the amendments incorporate new measures and procedures. These additions facilitate the issuance and buying and selling of digitally represented belongings inside a regulated setting. The decision additionally mandates that publishers requesting authorization for digital expressions should embrace a further chapter of their documentation. This requirement applies even when prior approval of the prospectus is just not required.
In response to CNV, these amendments strengthen Argentina’s regulatory framework concerning the tokenization of economic belongings. The adjustments type a part of a broader technique to modernize capital markets, enhance entry to financing and simplify administrative procedures.
