Finance your royalties and your intellectual property.
Music, patents, licenses or trademarks that generate revenue. The rights-holding company issues securities and the registry entity (ERIR) records them in a digital registry. Your law firm confirms the structure in its offering.
How this is financed.
The rights remain with the company that holds them. They are usually held by a dedicated company, which is the one that issues. The investor does not become the owner of the song, the patent or the trademark. They subscribe to a security of that company, and that security is what is recorded in the digital registry.
- With bonds and debentures, the investor lends to the company. They have the right to receive the agreed interest and to recover their principal at maturity. The company pays with what the rights generate.
- With shares, if the company is a public limited company, the investor becomes a shareholder and shares in the catalog's results.
- With a participating loan, for investors you already know, part of the interest can depend on your company's turnover.
One possible formula is a bond with interest that varies according to the revenue from the rights. If the interest is tied to the company's profits, the issuance is approved by the shareholders' meeting. Your law firm defines the formula.
When it fits and when it doesn't.
It fits if
- The rights already generate revenue and you have their track record.
- They are held by a company that can issue, or they can be transferred to one.
- You have your own investors to invite.
It does not fit if
- You want each investor to be a co-owner of the work or the patent. What they subscribe to is a security of the company, and the rights remain with it.
- You want to present it as a digital asset outside regulation. If it is offered in series so that it can circulate, it is a security and follows its rules.
- You need the money in days. Preparing an issuance takes weeks.
- You expect someone to find investors for you. HokenFi does not find them.
Which instrument to choose
| If you want… | What suits you | What you take on |
|---|---|---|
| Fixed term and interest, without ceding equity | Bonds and debentures | Pay on time even if revenue falls |
| Advance settlements that arrive in less than a year | Promissory notes | Repay each promissory note at maturity |
| For the investor to share the result | Shares | Cede equity and voting rights. Requires an S.A. |
| Finance yourself with investors you already know, also in an S.L. | Participating loan | Tie part of the interest to how your company performs |
How it's done with HokenFi.
You tell us what you want to issue and the platform prepares the milestones for you.
- 01
Your company
A corporate law firm creates the issuing company or transforms yours into a public limited company, if needed. You choose it from offers without leaving the account.
- 02
Your issuance document
A law firm specialized in securities or an investment services firm (ESI) drafts the issuance document. You also choose it from offers.
- 03
Your issuance
You activate your plan and create the tokens for your issuance.
- 04
Go to market
The ESI validates the offer when required by law and the ERIR registers the securities. You open the collection account for the issuance, with its own IBAN. That account is the automated IBAN plugin, at 150 € per month, or it is included in the Scale and Institutional plans.
- 05
You open to your investors
Your investors are verified, subscribe and pay by transfer to that account. The ERIR records them as holders and you see the list on your dashboard.
The milestones for each step are in bonds and debentures and in shares.
What beginners usually ask.
Does the investor become the owner of the song or the patent?
No. They are a creditor or shareholder of the company that holds the rights. The rights remain with that company.
Why a dedicated company?
So that the issuance is based on those rights and on what they generate, and your investors know what they are financing. Your law firm confirms in its offering whether it needs to be created.
Do crypto-asset rules apply to it?
No. What your company issues are bonds or shares, which are financial instruments, and Regulation (EU) 2023/1114 (MiCA) does not apply to them.
Do I need a prospectus?
In general no, if you are below 8 million in twelve months. From 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 one in force. Yes, you need the issuance document.
How much does it cost?
You pay a one-time access fee of 249 € when creating the account. The plan, from 249 € per month, you do not pay until you launch the issuance. The fees for the law firm, the ERIR and the ESI are separate and you see them in each offer before signing. Add the notary and the Commercial Registry. Prices exclude VAT.
Do your rights already generate revenue? Tell us about your case.
Create your account, activate access and you will receive offers from law firms.
