A dedicated digital assets law since 2020
The Law on Digital Assets took effect at the end of 2020 and has applied since 30 June 2021. It covers issuance, secondary trading, service providers, and pledge and fiduciary rights over digital assets.
Issue tokenized real estate in Serbia on your own platform
Serbia passed a dedicated digital assets law in 2020, years ahead of most of Europe, with its own threshold and its own disclosure document. What it does not hand you is the platform, and that’s where we come in.
Serbia wrote its own rules early
One number decides which of two laws governs your token offering, and it is the first thing to establish.
Three million euros is the dividing line
Digital assets with the features of financial instruments fall under the capital markets law unless certain exceptions apply. They stay under the lighter digital assets law only if they are not equity-like, not exchangeable for shares, and the offering stays under the 3 million euros threshold over twelve months.
Two supervisors, split by asset type
The Securities Commission handles digital tokens and anything with the features of a financial instrument. The National Bank covers virtual currencies. Where an asset has both, both authorities have jurisdiction.
The white paper is the disclosure document
It sets out the issuer, the asset and the risks so investors can make an informed decision. Advertising a digital asset is generally conditional on having an approved one.
Small offerings can skip approval
The law allows issuance without prior approval in defined narrow cases, including offerings addressed to fewer than twenty people. Your lawyer will tell you whether your raise fits, and usually it will not.
How to start
1. Tell us about the property
What you own and what you want to raise. We say plainly whether this fits, including when it does not.
2. A Serbian lawyer joins
Our local partner in Belgrade establishes whether your instrument has the features of a financial instrument, and where your raise sits against the three million euro line. That answer dictates the applicable regime.
The legal work and the launch run in parallel. In Serbia the pace is set by the structure and, where a white paper needs approval, by the supervisor. Your lawyer starts on day one.
Before you tokenize real estate in Serbia
Is real estate tokenization legal in Serbia?
Yes. The Law on Digital Assets has applied since 30 June 2021 and covers issuance, secondary trading and services. Assets with the features of financial instruments usually fall under the capital markets law instead.
Who supervises this?
The Securities Commission for digital tokens and anything with the features of a financial instrument. The National Bank of Serbia for virtual currencies. Where an asset has both sets of features, both have jurisdiction.
Which law applies to my raise?
The capital markets law, unless three conditions all hold: the asset does not have the features of shares, is not exchangeable for shares, and one offering stays under 3 million euros over twelve months. Then the lighter digital assets law applies.
What is a white paper here?
The disclosure document published on issuance, setting out the issuer, the asset and the risks so investors can decide on an informed basis. Advertising a digital asset is generally conditional on having an approved one.
Zuletzt aktualisiert: 12-08-2026
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Tokenizer.Estate bietet eine Plattform für Immobilien-Tokenisierung und verbindet Sie mit lizenzierten lokalen Partnern, bietet jedoch keine rechtliche oder regulatorische Beratung.
Bitte konsultieren Sie qualifizierte Fachleute in Ihrer Jurisdiktion, bevor Sie Investitions- oder Tokenisierungsentscheidungen treffen.
Quellen & Referenzen
- Zakon o digitalnoj imovini, Službeni glasnik RS 153/2020, in application since 30 June 2021
- National Bank of Serbia. Digital assets
- Securities Commission of the Republic of Serbia
- Zakon o tržištu kapitala, Službeni glasnik RS 129/2021