According to ME News, on October 25 (UTC+8), Latvia’s Minister of Economics, Viktors Valainis, stated that Latvia plans to launch a regulatory framework for the tokenization of real-world assets (RWA) in the first half of 2027, with commercial real estate likely to be among the first use cases, and government bonds also prioritized. The Ministry of Economics is currently collaborating with the central bank, the Ministry of Finance, and industry representatives to develop the framework; the legal assessment originally scheduled for completion by October 1 of this year is still ongoing. (Source: ODAILY)
Latvia to Launch RWA Tokenization Framework by Mid-2027, Prioritizing Real Estate and Government Bonds
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Summary
On October 25, Latvia’s Minister of Economy, Viktors Valainis, announced that the country is working to establish a compliance framework for tokenizing real-world assets (RWA) by mid-2027. Commercial real estate and government bonds are top priorities. The Ministry is coordinating with the central bank, the finance ministry, and industry stakeholders. A legal review of counter-financing of terrorism (CFT) measures, initially scheduled for completion by October 1, remains ongoing.
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