Latvia targets tokenization rules in 2027 with commercial property in focus
Latvia's Economics Minister Viktors Valainis announced plans to establish a regulatory framework for the tokenization of real-world assets, specifically targeting commercial property by 2027. The government is currently working with financial institutions to ensure transparency and anti-money laundering compliance before implementation.
Why it matters
This initiative signals a growing trend of European nations seeking to integrate blockchain technology into traditional real estate markets to attract investment.
In an interview with CoinDesk, Economics Minister Viktors Valainis said he expected the work to remain on the agenda of the next government as Latvia forms a new administration.
His ministry is working with the central bank, the Finance Ministry and industry representatives on a framework intended to attract investment.
“If everything goes smoothly, I think next year, first half of the next year, we will already have the regulation,” he said, referring to proposed rules for tokenizing real-world assets, in the interview at the sidelines of UN:BLOCK , a fintech conference in Riga.
He also hopes to promote new products and opportunities linked to the cryptocurrency industry early in 2027.
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