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Latvia aims for tokenisation rules in first half of 2027, Valainis says

Latvia's economics minister says rules for tokenising real-world assets could arrive in the first half of 2027, starting with commercial property, though a legal assessment due 1 October is unfinished.

Why it matters: Latvia is drafting rules for tokenised real estate and government bonds, a test of how an EU member state balances crypto investment with anti-money-laundering safeguards.

InvestIn.News NewsDesk · 1 min read
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Original reporting: Francisco Rodrigues, CoinDesk

Key points

  • A legal assessment due 1 October under item 20.5 of the government action plan is "still ongoing", he said.
  • Valainis put tokenised government bonds on a priority list and said issuance could follow in the first part of next year.

The tokenisation push has already missed a deadline. Item 20.5 of the government's action plan required an assessment of the legal changes needed to tokenise real estate and other assets by 1 October, and Valainis said it was "still ongoing".

Valainis named commercial property as a "good start" and put tokenised government bonds on a priority list, saying issuance could come in the first part of next year once rules are set. He stressed anti-money-laundering controls, saying Latvia would act only when "1,000% sure" the solutions are transparent, and that it does not want a boom followed by a collapse. Members of the Latvian Blockchain Association, which includes Kraken, Backpack EU and airBaltic, sit in working groups, he said.

What to watch: The legal assessment due 1 October is still ongoing, and Latvia is forming a new government that Valainis expects to keep the tokenisation work on its agenda.

Read the full story on CoinDesk

Live updates on NewsFeeds:MacroDesk editor: Keshav Aggarwal (accountable for this page; this summary was not edited by hand)

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