- Argentina's CNV regulator has expanded its tokenization framework to include stocks and bonds and modernized its capital markets with new digital asset rules.
- A new social network for electronic music fans built around NFT tickets has gathered over 800,000 users across Latin America.
of Argentinian startup BOMBO has confirmed sales of over 1 million tokenized tickets since its launch two years ago. These non-fungible tokens (NFTs) are used to access more than 1,300 electronic music events across the country. This commercial activity formed the basis for the company's recent expansion. Chile and Perua move that is carried out without dependence on external investment capital.
The platform was originally designed to combat ticket fraud prevalent in the live events industry. Leverage the traceable nature of blockchain-based tokens to verify the authenticity of each entry path. The system also simplifies sales management and tracking for event organizers.
This development is intended to foster community interaction and support the organic promotion of events. The social component currently has a reported user base of over 800,000 people. Leveraging this established user network and technology infrastructure, the company began expanding in Latin America.
Tickets are now available for electronic music events scheduled for the remainder of 2025 and 2026 in Chile and Peru. The company also noted a limited number of events in Uruguay. The selection of Chile and Peru as expansion destinations was based on identified market needs. Both countries host a wide range of events, but reportedly lack comprehensive tools to help local communities.
As a result, the startup set specific market acquisition goals in its first year. In Chile, the goal is to secure 50% of all large festivals. In the case of Peru, the goals include capturing at least 25% of the electronic music market.
A representative from the company said that Electronic Scene is: latin america is growing every day, but it still lacks the tools to protect the public, empower producers, and provide true visibility to local talent.
In Chile, the first events available for purchase on the platform are: art batscheduled for October 31st. This will be followed by the Resistance Festival in December and the Ellow event in January. For its debut in Peru, the platform is selling tickets for the December 5th Resistance event, which will feature international DJs such as Adam Beyer and Kororova.
Argentine regulator expands scope of capital markets tokenization framework
Argentina National Securities Commission (CNV) approved new amendments to the tokenization regime through General Resolution No. 1087. This update expands the scope of the framework originally established in RG 1081. The regulator announced that this measure aims to continue innovation, encompass more permissible instruments and simplify the process of digital representation in capital markets.
The range of financial products covered by this digital representation has been expanded. This update includes assets such as stock, negotiable debt, debt proxy securities, certificates of participation in financial trusts, and units of closed common credit investment funds through public offerings.
CNV President Roberto E. Silva said the amendments incorporate new measures and procedures. These additions facilitate the issuance and trading of digitally represented assets within a regulated environment. The resolution also mandates that publishers requesting authorization for digital expressions must include an additional chapter in their documentation. This requirement applies even if prior approval of the prospectus is not required.
According to CNV, these amendments strengthen Argentina's regulatory framework regarding the tokenization of financial assets. The changes form part of a broader strategy to modernize capital markets, improve access to financing and simplify administrative procedures.
