Add shareholders to your S.A. with tokenized shares.
Your public limited company increases capital and the registry entity (ERIR) registers the new shares in a digital register. You prepare the issuance with your law firm and open it to your investors from a single account.
What it is
A tokenized share is still a share. What changes is where it is recorded. It moves to a register based on distributed ledger technology (DLT) kept by an authorized entity, the ERIR. Your general meeting approves the capital increase and whoever subscribes becomes a shareholder, with the rights set by your articles of association and the issuance agreement. You see the list of holders in your dashboard, always up to date.
↓Your general meeting approves the capital increase and your investors subscribe the new shares
Example proportions. The rights of each share are set by your articles of association and the issuance agreement.
When it fits and when it doesn't.
It fits if
- Your company is an S.A., or you are willing to transform it.
- You want to finance yourself with capital and accept adding shareholders.
- You have your own investors to invite.
It does not fit if
- You have an S.L. and you do not want to transform it. Its ownership interests cannot be securities. See the bonds and debentures or the participating loan.
- You do not want to give up equity or voting rights. Debt finances you without doing so.
- You expect someone to find investors for you. HokenFi does not find them.
What you decide.
Your law firm puts it in writing in the issuance document.
- 01The amount of the capital increase
- 02How many shares you issue and at what price, with their nominal value and premium, if any
- 03The class of shares and their economic and voting rights
- 04The minimum investment per investor
- 05The subscription period
- 06Who are you targeting, only qualified investors or the general public?
- 07The network, Ethereum or Polygon
Step by step, in a single account.
- 01
You state what you want to issue
The asset, the amount and the term. With that, the platform prepares the milestones for your issuance.
- 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 company (if you already are, you skip it)A law firm
- Prove the financial backingYou
- 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 document and prepare the general meeting resolutionA law firm specialized in securities, an ESI or you
- 04
Your issuance
- Activate your planYou
- Create the tokensYou
- Finalize the final documentYou
- 05
Go to market
- Validation of the offer, when required by lawThe ESI
- Registration of the sharesThe ERIR
- Collection account for the issuance, with its own IBAN (automated IBAN plugin, 150 € per month, or included in Scale and Institutional)You
- 06
You open to your investors
They are verified, subscribed and paid by transfer to your issuance account. The ERIR records them as shareholders and you see the list in your dashboard.
In Spain, today
As of 1 October 2026, the registry of the National Securities Market Commission (CNMV) includes 21 tokenized issuances for 77,925,715 €. Four are share issuances, for 12.07 M€. The other 17 are debt issuances, for 65.85 M€.
All of them have Ursus-3 Capital as ERIR, the only investment services company that the CNMV lists as an ERIR. The first one was published in February 2025.
Source: CNMV public registry, as of 1 October 2026.
What beginners usually ask.
Can my S.L. issue tokenized shares?
No. The ownership interests of an S.L. cannot be securities. To issue shares, you have to transform it into an S.A., with a general meeting resolution, deed, registration and 60,000 € of capital. You can request quotes from law firms to do so from the platform.
What happens to my current shareholders?
They have a preemptive right to subscribe new shares in proportion to those they already hold. Your law firm sets out in the agreement how it is exercised.
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.
When is an ESI required?
When the issuance is without a prospectus and you offer it to the general public with advertising. The ESI validates the information your investors receive and supervises the marketing.
Does the CNMV approve my issuance?
No. The CNMV registers the ERIR as responsible for the registration of your issuance, and that registration does not imply that it has validated the terms or the information.
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.
Does your S.A. want to add shareholders? Tell us about your issuance.
Create your account, activate access and you will receive offers from law firms.
