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What is a real-estate token
The digital representation of a real property investment: a bond with its registered guarantee, divided into EUR 100 tokens so you can sell it, pledge it or transfer it. What it is, what it is not, and how to invest from EUR 1,000.
The token represents. The bond is yours.
A real-estate token is the digital representation of an economic right over a specific property: a bond or an equity position whose ownership is recorded on a blockchain so it can be transferred in fractions.
At Rentakia each security token equals EUR 100 of a bond's nominal value, is issued under the ERC-3643 standard on the Base network and is recorded with the ERIR, an entity supervised by the CNMV. The guarantee does not live in the token: it lives in the Land Registry (the first-rank mortgage of the Mortgage Bond) or in the issue's registration with the Companies Registry (the Participating Bond). The token adds what paper cannot: splitting your position into EUR 100 fractions and moving them without a notary.
The token is not your investment: it represents it. The full side-by-side difference is in Bond vs token.
It is not a cryptocurrency
A bitcoin represents nothing beyond itself: its price is whatever someone else will pay. A security token represents a legal right that exists off-chain, with an identified debtor, a registered guarantee and a payment order known before you invest.
It is not listed on speculative exchanges, it does not move with the crypto market, and you do not buy it hoping it goes up: you get paid because the bond it represents pays. If you ever lose access to the token, your right does not expire; ownership is recorded with the ERIR and in your contract.
From your deposit to the token, step by step
You subscribe from EUR 1,000
Your investment starts as a participating loan, represented in position tokens: technical, not yet transferable.
The SPV buys the property
And records it in the Land Registry. This is the Conversion Milestone, the key moment of the whole circuit.
Your loan becomes a bond
The one you chose when subscribing. The position token is replaced by the security token, now tradable.
The ERIR records your ownership
From there you decide: hold to maturity, sell on the secondary market or pledge to obtain financing.
What the token unlocks
Sell before maturity
On the P2P Secondary Market you set the price and sell your tokens, in full or in part, to another verified investor. Rentakia covers the gas costs of the transaction. You set the price; the sale closes when there is a buyer.
Sell your tokens →Get financing without selling
On the P2P Collateral Market you pledge your tokens and obtain between 70% and 80% of their value, lent by other investors, with no bank scoring and no margin calls. While the loan lasts you keep collecting your bonds' returns.
Pledge your tokens →Invest without knowing blockchain
No wallet, no crypto needed. You choose a product, from EUR 1,000, pay by bank transfer if you prefer, and the tokens appear in your personal area. The blockchain works underneath; you operate like on any investment platform.
Prefer to operate by wallet? Also possible: EURC or USDC.
Frequently asked questions
Is a real-estate token a cryptocurrency?
No. A cryptocurrency's value depends only on market demand; a security token represents a bond or an equity position with a guarantee recorded in public registries. It is not listed on speculative exchanges and its nominal value is fixed: EUR 100 per token.
How much do I need to invest in real-estate tokens?
From EUR 1,000 in the Participating Bond. From EUR 10,000 you can opt for the Mortgage Bond, with a first-rank mortgage registered in favour of investors, and from EUR 100,000 for Owner Equity, as a shareholder of the SPV that owns the property.
Are real-estate tokens regulated?
The token represents a negotiable security and operates under Spain's Securities Markets Law (Law 6/2023, LMVSI). Every Rentakia issue involves two entities registered with the CNMV: an ESI that validates the project (Gabriel Carrillo Capel EAF, S.L., no. 147) and an ERIR that records the tokens and their ownership (URSUS-3 CAPITAL, A.V., S.A.).
Can I sell my tokens whenever I want?
You can list them for sale at any time on the P2P Secondary Market, in full or in part, at the price you set. The sale closes when there is a verified buyer; if none appears, your position runs until the project matures.
What happens to my tokens if Rentakia disappears?
Your right does not live on the platform. The bond is a debt of the project's SPV, the guarantee is recorded in public registries and token ownership is recorded by the ERIR, an independent entity supervised by the CNMV.