- This first issue, already in the public register since July 2025, requires the intermediation of an ERIR, which the CNMV has now registered in its registry.
- It represents an unprecedented milestone that marks the beginning of a new phase for the tokenization of real estate investment in the country
- Reental has worked to demonstrate that blockchain-based financial innovation can be developed within the new legal framework, with guarantees for the investor and full traceability of operations.
Madrid, December 29, 2025 — Reental has successfully completed the first tokenized issuance of bonds for the purchase of a property in Spain in accordance with Law 6/2023, of March 17, on Securities Markets and Investment Services. This new framework requires the registration both in the commercial register and the registration in the official register of the CNMV of the figure of the ERIR who is responsible for intermediating the issuance. This is an unprecedented milestone that marks the beginning of a new phase for the tokenization of real estate investment under the new regulation in the country.
The transaction is the result of more than two years of in-depth adaptation of the product, legal structure and processes since the entry into force of the new regulations. During this period, Reental has worked to demonstrate that blockchain-based financial innovation can be developed within the legal framework, with guarantees for the investor and full traceability of operations.
The issue, denominated in euros, has a total amount of 322,500€ and allows investors to participate from 100€, acquiring the tokens directly through the platform Www.reental. co. The total number of tokens issued amounts to 3,225, and after their launch, potential investors can complete and accept the subscription digitally.
This first project registered under the new regulation corresponds to a residential real estate asset located in the city of Malaga, in a consolidated urban area with high demand both in the buying and rental markets. The registration of the project in the Commercial Registry was formalized in July 2025 and its regulatory registration in December, setting a real and operational precedent for future issues in Spain.
The meaning of this milestone
Beyond the operation itself, this issue represents a structural turning point for the real estate and financial sector and demonstrates that real estate tokenization can scale in Spain under a regulated and supervised framework; which provides legal security to both investors and issuers, reducing friction and barriers to entry; in addition to opening the door to a more accessible, transparent and efficient market, where real estate investment can be fractionated, digitized and managed with greater agility; and it also lays the foundations for Tokenization in Spain ceases to be experimental and becomes a standardized financial infrastructure.
Reental has successfully financed almost 100 million dollars globally over the past four years and considers this issue to be the first step in a new phase of growth for the Spanish market, supported by market maturity and regulatory clarity.
For Eric Sanchez, founder and CEO of Reental, “this milestone shows that innovation from Spain is not only possible, but necessary. Tokenization provides clear advantages to investors and the financial system, but it can only be consolidated if it is built with rigor, a long-term vision and within the regulatory framework”,
