Latvia targets tokenization rules in 2027 with commercial property in focus

Judgment

Latvia’s next governing coalition, not Economics Minister Viktors Valainis alone, must decide whether to keep the RWA tokenization framework on the agenda after his party won no seats; moving fast on commercial-property pilots would mean accepting that the overdue legal assessment is still unfinished.

Basis

Economics Minister Viktors Valainis told CoinDesk he expects RWA tokenization rules in the first half of 2027, with commercial property a “good start” and government bonds on the “priority list” but no issuance details. His ministry is working with the central bank, Finance Ministry and industry representatives. The mechanism is not yet in place: action-plan item 20.5 required an assessment of legal changes by Oct. 1, and Valainis said it is “still ongoing.” His party won no seats in this month’s election as Latvia forms a new government, so agenda control shifts to the next coalition. He cited AML controls as central, said solutions require being “1,000% sure” of transparency, and said the economic benefit has not been quantified.