Tokenization

In El Salvador we do not talk about tokens:we talk about digital assets.

Tokenization is the last stage of structuring. The digital asset represents a right already defined in the legal structure and its documentation. It is issued under the Digital Assets Issuance Law and addressed to qualified investors.

What it is

Tokenizing means changingthe asset's wrapper.

In most countries the conversation starts with the word token. In El Salvador it starts with the law: what is issued is a digital asset, with a responsible issuer, an information document and a supervising regulator.

Tokenization changes divisibility, transferability and traceability. The contract, the responsible issuer and the financial statements stay the same. The blockchain does not replace the accountant: it replaces the spreadsheet that no one knows who updated.

That is why the token comes last. First we define who owns what, who is paid and in what order, and document it in a vehicle. Only then does the digital asset register the holders and allow interests to be transferred.

Who it is for

  • Owners of real assets seeking capital without selling the asset.
  • Companies that need to divide an interest among qualified investors.
  • Issuers that require a verifiable registry of holders and transfers.
  • Advisors assessing whether tokenization adds anything to their client's transaction.

What it includes

Full supportat every stage.

Analysis of the underlying asset

Ownership, cash flow, valuation and risks of the underlying, before any talk of issuance.

Vehicle and rights

Series, seniority and economic rights defined in writing.

Relevant Information Document

The DIR the CNAD requires and the investor reviews before buying.

Bitcoin infrastructure

Where appropriate, issuance takes place on Bitcoin layer 2, in line with the country's infrastructure: a decentralized network with a long operating and security track record.

Holder registry

Traceable ownership and transfers, with no parallel spreadsheets.

Ecosystem coordination

Licensed custodian, certifier where the law requires it and regulated market if the issuance calls for it.

Reporting

Periodic information for investors and for the regulator.

The digital asset represents a right defined by the structure.

The process

Five steps,and the token comes last.

01

Prequalification

We assess whether the asset can support a structure and whether tokenization adds anything. Sometimes the answer is no.

02

Structure

With prequalification approved: the vehicle, the jurisdiction, the series and the type of right over the underlying. It is the longest stage and it defines everything else.

03

Documentation

Relevant Information Document, contracts and the full regulatory filing.

04

Issuance

The digital asset is issued on Bitcoin infrastructure, with in-depth technical advice on custody, keys and traceability, and with the authorized providers each component requires.

05

Monitoring

Holder registry, periodic reporting and support throughout the life of the instrument.

Scope

The issuances we structure are private and addressed to qualified investors. Asset custody, the operation of secondary markets, certification and placement on behalf of third parties are carried out by providers holding that authorization, coordinated by SATS Capital.

SATS Capital is registered with the CNAD as a Digital Asset Service Provider, Structurer category, PSAD-0068, under Article 19 (c) and (e) of the LEAD.

Tell us about your transactionand we will tell you whether it is viable.

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