The National Commission of Digital Assets of El Salvador (Comisión Nacional de Activos Digitales de El Salvador – CNAD) has authorized the first public issuance for an amount of $100 million. This involves the issuance of the digital asset $ESOY by the company eGrains, being the El Salvador’s first private tokenization. Our Fintech Department played a crucial role in the success of this process.

eGrains, recognized as a pioneer in agrocommodities investment, has redefined the landscape by offering a diversified portfolio of tokenized agricultural products, fully backed by real assets, known in technological jargon as “Real World Assets” (RWA).

The $ESOY token represents the economic rights generated in the trade of 1 bushel of soy, an internationally known commodity. This token has pioneered the innovative entry into the agrocommodities market.

From the initial phase, Torres Legal has accompanied eGrains, providing comprehensive advice in the authorization process. This included the preparation and review of all the documentation submitted to CNAD, ensuring the compliance with the Law on Issuance of Digital Assets and its regulations.

“eGrains has the ability to issue digitally backed assets under contractual terms, benefiting from the strong protection offered by local and international laws, applying rules set by Private International Law that ensure the rights of investors. In other words, all digital assets are backed by tangible assets, which can be claimed by token holders. This backing is established through traditional contracts, as well as the specific tokenization infrastructure assigned to the business, regardless of its geographical location,” says our managing partner, Héctor Torres.