Notary News The CNMV has authorized the country's first tokenized issuance, marking a milestone that places Spain as a pioneer in the regulated adoption of blockchain technology for financial instruments.
Dianelum breaks ground with sustainable diamonds
Dianelumspecializing in sustainable diamonds, has launched the first Security Token Offering (STO) regulated with ERIR in Spain. The issue, valued at €5 million, offers tokens of €5,000 each until June 30.
This operation demonstrates how companies can access alternative financing by digitizing traditional financial instruments.
What is tokenización?
Una STO digitaliza instrumentos financieros como bonos o acciones utilizando blockchain, convirtiendo activos tradicionales en tokens digitales fraccionados. Esto crea unidades de valor más accesibles y ofrece mayor eficiencia transaccional, transparencia mejorada y fraccionamiento de activos.
Spanish regulatory framework
The 2023 reform of the Securities Market Law granted full legal validity to the representation of financial instruments on blockchain, equating tokenization with traditional methods.
The key figure is the ERIR, which was first authorized by Ursus-3 Capital, in collaboration with Onyze and Token City. This entity guarantees the immutability of issues and identifies token holders.
In this pioneering process, the notary's office in Barcelona Cristina Requena formalized the first public deed for the issuance of tokenized bonds in Spain, demonstrating that the notarial sector supports these financial innovations.
Secure investment process
Los inversores deben completar identificación, declaración de perfil y test de idoneidad. Los tokens aprobados se transfieren a un wallet blockchain específico, garantizando seguridad y trazabilidad.
Perspectivas futuras
Tokenization represents an emerging channel with global projection. The passage of the MiCA is shaping up to be a catalyst for large traditional financial institutions.
Juan Jurado Baranda, of Ursus-3 Capital, stresses that “this technology will gradually be implemented throughout the financial sector”. The validation of new firms such as ERIR suggests the beginning of a new era in financial services.
For companies like Dianelum, tokenization democratizes access. For Spain, it marks its positioning as a European benchmark in regulated financial blockchain.
