All-in-one platform for the issuance of real assets in Spain
Málaga, España
Joined September 2026
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HokenFi is infrastructure for issuing tokenized real-world assets under Spanish law.
Legal structuring, the DLT register kept by an authorised entity, KYC and investor onboarding, in one platform.
We build the software; every regulated function stays with the licensed firm.
In Spain, a tokenized real estate deal puts a company between the investor and the building.
The investor usually holds a bond issued by that company.
The tokens never stand for a fraction of the building.
Where debt fits
Debt suits an owner who needs financing for a fixed term and prefers to keep the cap table closed.
Bondholders are creditors of the company; in the deals we reviewed, no mortgage secures the bonds.
The full guide, in Spanish, walks the structure end to end, with the paperwork each step asks for...
hokenfi.com/guia-de-tokeniza…
An investor on HokenFi clears six steps in order before signing.
- Identity
- Personal data
- Investor profile
- Additional data
- Appropriateness test
- Legal disclaimer
Each step unlocks the next.
None can be skipped.
hokenfi.com
Setting up a mid-sized tokenized issuance in Spain costs
€95,000 to €320,000
Our 2026 tokenization guide covers the six phases, the seven verticals and who does what.
Written with three law firms, in Spanish.
If you are planning one...
hokenfi.com/guia-de-tokeniza…
21 tokenized securities registered in Spain since November 2024.
- 17 bonds
- 4 equity
€77.9M in total
One registrar for all of them.
Here's what the public register tells you about how issuance actually works.
HokenFi integrates a single workflow spanning from the offering document to investor onboarding.
- Lawyers
- KYC/KYB
- Investment Services Firm
- Issuance registration
Regulated functions remain the responsibility of authorized entities.
Coordination, however, does not.
Twenty-one issuances in under two years, one register, zero prospectuses.
The market is small and it is real.
If you are planning the twenty-second...
This is where it starts: hokenfi.com
BlackRock's BUIDL alone holds about $2.8B, 18.5% of a $15.1B tokenized Treasury market.
Funds are the biggest line in tokenized real-world assets.
Here's what that means for a European company that wants to issue tokenized debt.
That is why 17 of the 21 tokenized securities in Spain's public register are bonds.
For a company that needs capital, debt is the shortest regulated path on-chain.
BUIDL shows where the demand is.
HokenFi is built for the supply side in Europe: offer document, law firm, KYC/KYB and registrar in one flow, for the company issuing the bond.
Start here: hokenfi.com
