BME, a Six group company, announced its investment in OpenBrick, a digital platform for the issuance, management, transfer and settlement of tokenized securities linked to real estate projects.
OpenBrick, founded by Grupo Lar, Renta 4 Banco and ioBuilders, hopes to obtain the European license to operate in 2025. The platform will have BME, Garrigues and Teras Capital as strategic partners, as reported by the operator of the Swiss and Spanish stock exchanges. in a statement.
OpenBrick develops a platform with blockchain technology and connects issuers, investors and financial intermediaries with a wide typology of real estate projects (residential, housing, offices, commercial or logistics), whose negotiable values can be acquired on a primary market then traded on a secondary market which will provide liquidity to each investment portfolio.
The market will also act as a non-bank financing channel, in which different real estate players (developers, managers or operators) will be able to obtain funds to develop their projects more quickly and at lower cost than through traditional financing channels, explains Six. .
The added value of this new company is based on the integration of technology blockchain in a specialized market in the real estate sector, which makes it possible to raise funds through the issuance of equity securities or debt securities more quickly and more efficiently. More specifically, OpenBrick will launch its first project with Renta Seguro for the purchase and rental of housing in the Community of Madrid.
OpenBrick received a favorable pre-assessment for admission to the “sandbox” of the National Securities Market Commission (CNMV) in February 2023 and, now, through BME, it hopes to obtain the operating license from the European Union (EU) in 2025. BME will contribute with the participation of its subsidiary, the Spanish Central Securities Depository, Iberclear, assuming the role of The operator of the platform and will be the entity responsible for managing the “SNL” (trading and settlement system with “DLT” technology) under the EU “pilot regime”.
“This investment is part of Six’s commitment to play a leading role in the future of financial markets, entering new assets and exploring innovative technology options such as ‘DLT’. , it also applies to a sector traditionally highly valued by investors in Spain,” explained the head of securities services and member of the management committee of Six, Javier Hernani.
For his part, the CEO of OpenBrick, Carlos Matilla, highlighted that “OpenBrick facilitates financing through tokenization, offering a new market as an agile source of financing for the different real estate players and it reduces the barriers to entry for those interested in investing in the sector.
