Un Security Token It's like a stock or bond in digital format. It serves to show that you have part of something with value: a company, a property, a fund, etc. It is a modern way of investing, and it can give you rights such as receiving benefits, participating in decisions or recovering your investment over time, but it is regulated by financial laws.

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Un Security Token It's a digital asset issued on a blockchain depicting financial or legal rights about an underlying value such as a stock, bond, participation in a company, investment fund, real estate, securitized debt or other regulated financial instrument. Unlike utility tokens, security tokens are subject to applicable financial laws and regulatory frameworks, such as the Securities Market Act, MiFID II, MiCA or, in the case of Spain, the framework of CNMV and the ERIR.

This type of tokenization allows digitize real or financial assets, facilitating your issuance, fractionation, management, transfer and liquidation through smart contracts, improving operational efficiency and reducing intermediate costs. Investors who purchase security tokens can have access to dividends, voting rights, economic returns, priority in the distribution of benefits or equity participation, depending on the type of value represented.

To be considered a security token, the digital asset must meet the criteria established by authorities such as SEC in the U.S. UU. (Howey test) or their equivalence in European jurisdictions. This involves requirements of KYC/AML, clear legal governance, risk disclosure and, in many cases, the intervention of regulated platforms, custody entities and electronic registration systems such as ERIRs.

Security tokens open up new opportunities for finance companies, tokenize shares, issue debt or represent future rights, and are revolutionizing sectors such as real estate investment, venture capital, corporate finance and the tokenization of RWA (Real World Assets).

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