Argentina is weighing a draft deregulation bill that would bring digital assets and decentralized technology into the country’s capital markets. The early proposal, prepared by Deregulation Minister Federico Sturzenegger, outlines changes that would allow certain investment funds to buy crypto assets and would recognize tokenized forms of negotiable securities.
If enacted, the measure would mark a notable shift in how crypto and blockchain-based infrastructure could be used within Argentina’s national financial system. For now, the text remains a draft and the details cited publicly describe a framework that would still depend on regulatory approval.
Funds could gain a regulated path to digital assets
According to the proposal described in local reporting, investment funds would be permitted to invest in digital assets when that exposure is consistent with the fund’s own investment policy. The framework would not amount to an unrestricted green light for fund managers, as any such activity would also be subject to rules approved by Argentina’s National Securities Commission, the CNV.
An undisclosed source quoted by Clarin said the idea reflects the view that crypto-assets are now treated as investment assets, but stressed that purchases would remain limited by regulation and would not cover just any token. The same source said the plan is not about allowing anyone to simply go out and buy Bitcoin without oversight.
Draft text also backs tokenization of securities
A second core piece of the bill would authorize the tokenization of negotiable securities. The draft reportedly allows the issuance, custody, transfer and sale of those instruments through decentralized technologies.
That would extend blockchain-based methods beyond crypto holdings themselves and into the market plumbing around conventional financial instruments. As described, the bill aims to let decentralized systems support the full lifecycle of securities rather than confining them to a narrow pilot use.
Proposal framed as part of broader market modernization
The draft is presented as a broad deregulatory effort designed to modernize Argentina’s capital markets and expand the set of tools available to investors. In that framing, crypto assets and tokenization are treated less as a separate niche and more as mechanisms that could be integrated into the existing financial system.
The source article says early estimates point to potential demand worth billions of dollars in digital assets if investment funds are ultimately allowed to participate. That figure remains an estimate, and no detailed breakdown was provided in the report.
What is confirmed so far
At this stage, the measure is still an early draft rather than enacted law. The key confirmed elements reported publicly are the proposed opening for investment funds to hold digital assets under their stated policies and the planned authorization for negotiable securities to be issued and handled through decentralized technologies.
The next confirmed step, if the proposal advances, would be the formal legislative and regulatory process. Even under the draft’s approach, CNV approval would be required for fund investment rules, meaning the scope of any eventual crypto access would depend not only on the bill itself but also on how regulators implement it.
Source: news.bitcoin.com