Colombia is developing a bill on digital-asset activities and tokenized securities, a proposal that would define authorization rules and change how ownership and securities trades are recorded.
Mariana Aya Guerrero, acting director of the Unidad de Regulación Financiera (URF), said the draft would specify which digital-asset activities require authorization, set operating conditions, divide regulatory responsibilities and establish penalties. The URF is preparing the measure with Banco de la República, Ministerio de Hacienda and other public authorities, she said.
Guerrero said the bill would address ownership records for tokenized securities and the treatment of related orders through clearing and settlement. She said tokenization could let a shared platform handle several of those steps, with smart contracts automating some of the work.
Distributed ledger technology could enable securities trading at any hour and shorten settlement periods. The measure is still a draft and would require approval through Colombia’s legislature to take effect.
