Financial instruments, now tokenized.
Finance your project or company by issuing shares, bonds or other securities in digital format, unifying the entire process in a single account.
- White label integrated
- KYC/KYB integrated
- Signing and payment integrated
- Connected to the ERIR
Tokenizing means recording a financial instrument in a digital register.
A tokenized share is still a share. What changes is where it is recorded. The market calls it a security token.
Your company
The party seeking financing. Preferably anonymous.
It issues the instrument
Shares, bonds or promissory notes, with the same rights.
An ERIR registers it
The authorized entity that keeps the digital register.
Your investors subscribe
They pay and are recorded as holders.
It has been legal in Spain since 2023 and the CNMV already publishes tokenized issuances in its register.
Tokenization is already underway, in Spain and Europe.
issuances of tokenized shares and bonds registered with the CNMV since February 2025, for around 78 M€.
CNMV, October 2026the global value of tokenized assets on public blockchains, from 7,400 M€ at the beginning of 2024 to 38,000 M€ in February 2026.
ECB, April 2026placed by European issuers in fixed income on blockchain since 2021.
ECB with AFME data, March 2026Source: CNMV public register, as of 1 October 2026.
Investor verification and appropriateness test integrated.
Securities registered by an ERIR, under the Spanish framework.
Integration with ERIR Ursus-3 Capital.
Verification of investors and companies on the platform.
Ethereum and Polygon. ISBE and Solana, coming soon.
Shares, debt and more.
Shares
Your S.A. increases share capital and adds shareholders with the register always up to date.
Debt
With bonds, debentures or promissory notes, you obtain financing for a term and at an interest rate, without ceding equity.
Convertibles and warrants
Debt that can convert into equity, or the right to buy shares later at a price you set today. We review your case with your law firm.
Participating loan
Investors you already know lend to you at an interest rate tied to your company's performance. It also works for an S.L.
Behind every issuance, a real project.
With the same instruments you finance very different projects.
If the asset is in another company, that company issues. For receivables and royalties, your law firm confirms the structure in its proposal.
Your company's growth
A new plant, machinery or working capital. Your company issues and your investors finance it.
A real estate project
Development, refurbishment or rental. The company that owns the project issues shares or debt.
A portfolio of receivables
Invoices, contracts or credits that generate future collections.
Royalties or intellectual property
Music, patents, licenses or trademarks that generate income.
Choose the right one: yours.
You can issue securities, with an ERIR that registers them, or finance yourself with a participatory loan, without an ERIR. What changes is the company that does it, what the investor receives and who you can offer it to.
Issuance of securities
- Your company is an S.A., or an S.L. if it only issues debt and fits within its limit.
- The investor receives shares, bonds or promissory notes: transferable securities.
- The ESI validates the offer when required by law.
- The ERIR registers the securities in a digital register.
- You can offer it to investors you do not know yet.
Participating loan
- It works for an S.L., such as a project company.
- Each investor signs a loan with your company. They do not buy securities.
- The token reflects that loan in a digital register of lenders.
- Variable interest based on performance, and fixed if you agree. At maturity it can be capitalized.
- For investors you already know: it is not a public offering.
Six steps, in a single account.
- 01
You state what you want to issue
You specify the asset, the amount and the term, and the platform prepares the milestones for your issuance.
- 02
Your company
If needed, a corporate law firm creates the issuing company or transforms yours into a public limited company. You request quotes and choose without leaving your account.
- Be a public limited companyA commercial law firm
- Prove the financial backingYou
- 03
Your issuance document
It is drafted by a law firm specialized in securities or an investment services firm (ESI). You also choose it from offers.
- Draft the issuance documentA law firm specialized in securities, an ESI or you
- 04
Your issuance
You activate your plan and create the tokens for your issuance.
- Activate your planYou
- Create the tokensYou
- Finalize the final documentYou
- 05
Go to market
The ESI validates when the law requires it, the ERIR registers them and you open the collection account for the issuance.
- Validation by an ESI, if applicableThe ESI
- Registration with the ERIRThe ERIR
- Collection account with its own IBANYou · included in Scale or 150 € per month
- 06
You open the issuance to your investors
They are verified, subscribe and pay by transfer to your issuance account. The ERIR records them as holders and you see the list in your dashboard.
Each one does their part. HokenFi coordinates it.
You manage everything from your HokenFi account. The platform connects the rest, and regulated activities are handled by authorized entities.
You, the issuer
You decide what you issue and bring in your investors.
HokenFi
Coordinates offers, contracts, payments and verifications.
Law firm
Prepares the documentation.
ESI
Validates the offering when the law requires it.
ERIR
Registers the issuance and maintains the register.
Payments
You pay without leaving the account.
Verification
Verifies investors and companies.
Electronic signature
You sign the engagement contracts.
Your platform, with your brand.
Activate the plugins you need. We will keep adding new ones.
White label
Included in Scale and InstitutionalYour logo, your colors, the portal texts and the emails to your investors, with your brand. Configure it with your domain. In Starter and Growth it is purchased as a plugin, for 390 € per month.
- Logo and colors
- Portal texts
- Emails with your brand
- Your own domain
- Without Powered by HokenFi
AIPher
Monthly pluginAn AI assistant that responds to your investors within the platform.
API
Coming soonConnect HokenFi with your systems.
More plugins
Coming soonWe will keep adding new features to the platform and to the white label.
You don't pay for the plan until you launch.
While you prepare your issuance, you only pay the 249 € access fee once. The law firm, ERIR and ESI fees are separate and you see them in each offer before signing.
The first 10 companies pay less throughout their entire subscription on Starter, Growth and Scale. And access, 99 € instead of 249 €.
- ERIR, law firm and ESI on the same platform
- Dividend, interest and coupon distributions
- MiFID appropriateness test
- KYC + KYB + AML
- Advanced electronic signature
- Annual tax certificate for your investors
- No cap on fundraising
- No commission on funds raised
- Payment by card or crypto Coming soon
Starter
For your first issuance.
equivalent to 166 € per month · 2 months free
+ one-time access fee: 249 € 99 €
- 1 active issuance
- 120 KYC included per year
- 12 KYB included per year
- 1 h of consulting per month
- Own domain
- Full white label, 390 € per month
- Automated IBAN, 150 € per month
Additional issuance, 120 € per month · Additional KYC, 3.50 € · Additional KYB, 20 €
Start your issuanceGrowth
For multiple issuances at once.
equivalent to 325 € per month · 2 months free
+ one-time access fee: 249 € 99 €
- Your colors on the portal
- 5 active issuances
- 300 KYC included per year
- 36 KYB included per year
- 2 h of consulting per month
- Full white label, 390 € per month
- Automated IBAN, 150 € per month
Additional issuance, 80 € per month · Additional KYC, 3 € · Additional KYB, 18 €
Start your issuanceScale
For those who issue continuously.
equivalent to 575 € per month · 2 months free
+ one-time access fee: 249 € 99 €
Includes 6,480 € per year in plugins
- Full white label included
- Automated IBAN included
- Own domain
- 15 active issuances
- 600 KYC included per year
- 60 KYB included per year
- 4 h of consulting per month
Additional issuance, 60 € per month · Additional KYC, 2.75 € · Additional KYB, 16 €
Start your issuanceInstitutional
For custom volumes and conditions.
equivalent to 1,242 € per month · 2 months free
+ one-time access fee: 249 €
- Support with a service level agreement
- Custom terms
- Unlimited active issuances
- 1,200 KYC included per year
- 120 KYB included per year
- Unlimited consulting
Additional issuance, Custom · Additional KYC, From 2.50 € · Additional KYB, From 15 €
Talk to the teamWith annual billing, you get the KYC and KYB for the whole year from day one.
Prices exclude VAT. See everything each plan includes →
Tokenization of assets in Spain, in 70 pages.
The process step by step, which route fits each asset and how much it costs.
What beginners usually ask.
Is HokenFi a regulated entity?
No. HokenFi is software. Regulated functions are performed by authorized entities, the ERIR and, when the law requires it, the ESI. The legal side is handled by your law firm, and HokenFi coordinates everyone.
Who puts up the money?
The investors you bring. HokenFi does not find them for you. It verifies them before they invest and shows you in your dashboard who has subscribed.
How much does it cost in total?
HokenFi's subscription and access fee, the law firm's fees, the ERIR and the ESI, and the notary and the Commercial Registry. You see the fees in each offer before signing.
How long does it take?
It depends mainly on your law firm, the ESI and the ERIR. Only the period between registration with the Commercial Registry and publication by the CNMV has ranged from just over a month to almost eight months in the issuances published up to August 2026.
Do I need a prospectus?
Below 8 million over twelve months, generally not. Since June 2026 the European regulation sets that figure at 12, unless a country opts for 5, but Spanish law still says 8, so your law firm confirms the current one. You do need the issuance document and, if you offer it to the public, an ESI to validate the information.
My company is an S.L. Can I issue?
Better an S.A. An S.L. cannot tokenize its ownership interests, and for bonds it cannot exceed twice its equity unless there are guarantees. Transforming it requires a general meeting resolution, a deed, registration and 60,000 € in capital. You can request law firm quotes to do it from the platform.
Do you have an asset to finance? Request your first offers.
Create the account, activate access and you'll receive offers from law firms.
