Rentakia · Equity y Bonos Hipotecarios
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How it works

Your investment, step by step

Your debt or equity investment is backed by real collateral once we buy the asset. This is how it works behind the scenes.

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What happens to your money.

Understand how your investment works in 6 steps.

  1. 1

    You subscribe your bond

    You invest from EUR 1,000 and choose the bond type you want: participating or mortgage-backed. It is a subscription, and your subscribed capital determines your class.

  2. 2

    Participating loan

    Until Rentakia acquires the asset, your investment is a participating loan represented in your wallet with Position Tokens.

  3. 3

    Funding secured

    When the soft cap or hard cap is reached, Rentakia injects the funds into the SPV to buy the asset and ring-fence risk.

  4. 4

    Conversion milestone

    The SPV buys the property and registers the mortgage and participating right. Your loan becomes your bond, with full economic rights.

  5. 5

    Security Tokens

    Your bond is represented in your wallet by EUR 100 security tokens, transferable and registered in the ERIR. This is where liquidity begins.

  6. 6

    Income or capital gain

    Your investment transforms and revalues the asset, generating rental income or a capital gain, paid to your bank account or wallet.

The project starts when funding is secured.

Two thresholds define the funding round. If the asset is not purchased, your money is returned.

Soft Cap

The minimum amount required for the project to be viable. Once reached, the SPV can buy the asset.

Hard Cap

The maximum amount accepted by the project. Once reached, the subscription closes.

If it is not reached

The asset is not purchased and Rentakia returns your capital.

Waterfall settlement.

You receive a single repayment, but it is built in tranches. Each tranche must be covered before the next one is activated. No one receives profit before capital has been returned.

  1. 1
    You recover your capital
    Your repayment is allocated the full principal first, and the registered mortgage and commercial debt are cancelled.
  2. 2
    You receive your minimum return
    Your repayment then includes the minimum return for your bond or equity class.
  3. 3
    We share the surplus
    Anything above that: 50% to investors pro rata and 50% to Rentakia, subject to the cap of each class.
Why tokens matter

What is a real-estate token?

A real-estate token, or security token, is the digital representation of your bond or equity, registered in the ERIR. Each bond is divided into transferable EUR 100 tokens: they do not change your rights, they make them liquid.

Nominal value

Each token represents EUR 100 invested in debt (bonds) or shares (equity).

Traceable investment

Track the evolution of your investment at all times, from desktop or mobile.

Immutable data

Data cannot be altered because tokens are registered in the ERIR.

Rights remain intact

Your rights depend on the Commercial Registry and Land Registry, not on the tokens themselves.

Liquidity by selling

Obtain liquidity by selling your position to another user before maturity.

Liquidity by financing

Obtain liquidity by using your tokens as collateral without selling your position.

Two tokens, two moments.

The token does not replace your rights: it represents them. Its nature changes when your investment becomes a bond or equity.

While you are a lender or future shareholder

Position Token

It reflects your participating loan or deposit through distributed ledger technology (DLT, blockchain). It is a technical record: it is not transferable and is not a negotiable security.

Losing it does not make your right disappear, just as losing a certificate does not erase what it represents.

When you are a bondholder or shareholder

Security Token

Your registered bond or equity, as a negotiable security recorded in the ERIR. You can sell it or use it as collateral to obtain liquidity.

This is what makes your investment liquid: secondary market and collateral market.

Your investment remains liquid.

Thanks to your tokens, you do not have to wait until the end of the project. From the Conversion Milestone, your bond or equity becomes transferable.

Liquidity by selling

Transfer all or part of your position, from EUR 1,000, to another user in the secondary market.

Liquidity by financing

Borrow against your tokens in the collateral market without selling your position.

See Lending →
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