2026 GuideHow to tokenize an asset in Spain, reviewed by three law firms. Download it

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How it works

From your asset to your investors, without losing track.

You decide and the platform coordinates law firms, ESI and ERIR. You see each milestone, who handles it and what is missing from your account.

Start your issuanceRequest a proposal

One-time access fee of 249 €. Your plan, from 249 € per month.

Your issuanceYour Company Bond 20283 of 6
  1. Your companyCorporate law firmDone
  2. Your issuance documentSecurities law firmDone
  3. Your issuanceYouDone
  4. Offer validationThe ESI · Validating the offerIn progress
  5. Registration of the securitiesThe ERIRNext
  6. You open it to your investorsYouNext

Who does what, step by step.

Each part is handled by whoever should handle it. Authorized entities handle regulated matters. You choose each one and see everything from your account.

YouYou specify what to issueYou choose a law firmYou choose a law firmYou activate the plan and create the tokensYou open the collection accountYou see your holders
Corporate law firmCreates or transforms your company
Securities law firmDrafts the document
ESIOr drafts the documentValidates the offer, when the law requires it
ERIRRegisters the securitiesRecords the holders
HokenFiPrepares your milestonesBrings you offersBrings you offersDeploys your tokensConnects ESI, ERIR and paymentsVerifies your investors

05 · Going to marketThe ESI validates the offer when required by law and the ERIR registers the securities. You open the collection account, with its own IBAN.

Law firms
ATH21ASENSIRamón y CajalLegal Nodes
ERIR
URSUS-3 CAPITAL
How it works

Six steps, in a single account.

  1. 01

    You state what you want to issue

    You indicate the asset, the amount, and the term, and the platform prepares the milestones of your issuance.

  2. 02

    Your company

    If necessary, a corporate law firm creates the issuing company or transforms yours into a public limited company. You request quotes and choose without leaving the account.

    • Be a public limited companyA corporate law firm
    • Prove the financial backingYou
  3. 03

    Your issuance document

    It is drafted by a law firm specializing in securities or an investment services company (ESI). You also choose it by quotes.

    • Draft the issuance documentA law firm specializing in securities, an ESI, or you
  4. 04

    Your issuance

    You activate your plan and create the tokens for your issuance.

    • Activate your planYou
    • Create the tokensYou
    • Finalize the final documentYou
  5. 05

    Go to market

    The ESI validates when the law requires it, the ERIR registers, 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
  6. 06

    You open to your investors

    They are verified, subscribed and paid by bank transfer into your issuance account. The ERIR records them as holders and you see the list in your dashboard.

admin.hokenfi.com

How long it takes, milestone by milestone.

These are indicative timelines. They depend mainly on your law firm, the ESI and the ERIR, and the platform notifies you of every change.

Indicative referenceEstimate based on previous issuances. Each case varies, and publication with the CNMV can lengthen the final stage considerably.
  1. Becoming a public limited companyCorporate law firm · About 8 weeks
  2. Draft the issuance documentSecurities law firm · From 2 to 5 weeks
  3. Activate your plan and create the tokensYou · Minutes
  4. Validate the offer, when the law requires itThe ESI · 1 to 2 weeks
  5. Register the securitiesThe ERIR · 6 to 7 weeks

What you pay, and to whom.

Prices exclude VAT. HokenFi does not receive or hold your investors' money.

See the plans
HokenFi
One-time access fee
249 €
HokenFi
Your plan, depending on how many issuances you have completed
from 249 € per month
Your law firm, the ESI and the ERIR
Their fees. You see them in each offer before signing
depending on the offer
Notary and Commercial Registry
If you create or transform your company
separate
Questions

What beginners usually ask.

Do I need a law firm?

No, it is not mandatory. You can prepare your company and the issuance document on your own, outside the platform. What you do need is the ESI, when the law requires it, and the ERIR. We recommend the platform's law firms because they specialise in this type of issuance, and you choose them from offers without leaving your account.

Do I have to be a public limited company?

To issue shares, yes. For debt, an S.L. can issue up to twice its equity, unless the issuance is secured, although an S.A. is usually advisable. If you prefer to remain an S.L., look at the participating loan.

How long does it take?

There is no fixed timeline. Based on previous issuances, it can range from about two months to more than three, and it depends mainly on your law firm, the ESI and the ERIR. If you are already a public limited company, you save about two months.

Does HokenFi touch my investors' money?

No. They pay by bank transfer to your issuance's collection account. HokenFi does not receive or hold funds.

What does HokenFi do and what does it not do?

HokenFi provides the software and coordinates. Regulated activities are carried out by authorized entities. The ESI validates the offer when required by law and the ERIR registers the securities.

Get started

Do you have an asset to finance? Start today.

Create an account, tell us what you want to issue, and you'll receive offers from law firms.

Start your issuanceTalk to the team