Decide before issuing, with the numbers in front of you.
Free tools for the issuer: classify your token, estimate the cost and timeline of your issuance, and check whether your project is viable before taking the step. All are based on Ley 6/2023, MiFID II and MiCA.
Automated, non-binding guidance. It is not legal, tax or investment advice.
Five steps before issuing.
- 01Classification
Is your token a security or does it fall under MiCA?
Based on the rights your token grants, you will know whether it is a security token, under Ley 6/2023, MiFID II and the CNMV, or whether it falls under MiCA.
Run the diagnosis - 02Cost and timeline
Estimator for your issuance
Answer three questions and you will see the line items of your issuance, whether you need a prospectus, and the estimated timeline based on your asset, the amount and your investors.
Open the estimator - 03Viability
Viability test
Check whether your asset and your project meet the conditions for a tokenized issuance in Spain, and what you should resolve first.
Take the test - 04Budget
How much does it cost to tokenize an asset?
The cost line items of an issuance, from the law firm to the ERIR, the prospectus and the technology, so you can plan your budget.
View costs - 05Timeline
How long does it take to issue?
How long each phase usually takes: the ERIR, the prospectus or the exemption, and the technical development, so you can plan the timeline.
View timeframes
Do you prefer the quick version? Use the classifier at a glance.
Shall we review it for your case? Talk to the team.
With HokenFi you prepare and manage your issuance with your law firm, the ESI and the ERIR in a single account. You can also start with the 2026 guide: legal framework, steps, timeframes and costs.
