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A new article has just been published in our blog on how real estate tokenization is creating a new era for property investment in Spain. It shows that through digital tokens developers and investors can share income and ownership more easily than before.
Spain is updating its laws to allow tokenized real estate under European frameworks. Legal changes in the Spanish Securities Market and Investment Services Law (LMVSI) now include actions done with distributed ledger technology. This means tokenization can be treated much like securities. Experts say this helps make investments safer and clearer.
Companies are already acting. Securitize issued tokenized assets in the Spanish REIT sector and plans were made to allow secondary trading under the EU pilot regime. Also, the platform OpenBrick, supported by Iberclear and SIX, aims to build a trading platform for tokenized real estate under the EU DLT Pilot Regime.
These developments build on past efforts. In 2022, Reental and Nash21 made an agreement to collect rent using tokenized residential real estate in Seville. Also, Spanish startup RENTAAL sold a tokenized apartment in Seville in less than a day — to 33 investors — using cryptocurrency.
Tokenization means part-ownership is digital, and revenue (for example rent or profits from a sale) gets divided by tokens. It offers access to those who cannot afford full property purchase. With clearer regulation and growing platforms, more people and developers join. Raimundo Pérez, legal analyst at LetsLaw, says: “Spanish regulation is catching up to enable secure tokenization projects under LMVSI and EU regimes.”
Spain may now be entering a phase where real estate investment becomes more democratic. For smaller investors it is an opportunity to invest in assets earlier. For developers it is a tool for faster funding and lower dependence on bank loans. The risks remain, especially regarding legal clarity and market liquidity, but progress is strong.
