OpenBrick is a digital platform that operates as a regulated market infrastructure (Trading and Settlement System) under the European Pilot Regime Regulation, which allows for the issuance, management, and trading of financial instruments using distributed ledger technology. OpenBrick has currently been admitted to the Fourth Cohort of the Spanish Financial Sandbox, and while it processes the necessary authorizations, it operates under the supervision of the National Securities Market Commission in the Sandbox testing environment.Additionally, OpenBrick enables the DLT-based registration of your shares in any company. The technology allows Iberclear to act as an ERIR (Registry Entity) in representing your shares and other financial instruments using DLT technology.

OpenBrick aims to facilitate investment in the real estate sector in a new innovative format. Our mission is to provide access to invest in real estate projects selected by our professionals, which offer an attractive risk/return ratio. Investors will be able to acquire financial instruments through which they can obtain economic benefits in the form of dividends from the exploitation of real estate assets and capital appreciation if the value of the assets increases over time.

As a regulated Trading and Settlement System, OpenBrick connects issuers, investors, and financial intermediaries in a multilateral market based on DLT, enabling the digitization of financial instruments (tradable securities such as equity and debt), as well as their issuance, management, and trading.

OpenBrick offers a wide range of advantages to market participants, such as:(i) The listing of securities in a regulated trading center increases liquidity and facilitates trading. (ii) Transparency is a priority, guaranteed through open disclosure practices.(iii) Access to a broader base of investors is facilitated, effectively increasing the number of partners when raising funds, while levereging the technology for the management of their rights and obligations. Furthermore, streamlining processes and reducing transaction costs significantly improve operational efficiency, providing a seamless experience for all involved participants.

OpenBrick promotes transparency in the investment process by providing investors with comprehensive information about real estate assets, including project details, financial performance forecasts, and associated risks. This transparency helps investors acces the required information to make informed decisions.

The financial intermediary you choose must first complete the integration with the OpenBrick platform; this involves signing up and becoming a member of the OpenBrick Market. You will complete your Know Your Customer (KYC) and Anti-Money Laundering (AML) verification with your financial intermediary, with whom you will need an active account to proceed with the investment. Once the verification and the specific onboarding of the intermediary are completed, you will have access to the project details through your financial intermediary's platform. When a primary offering is launched, OpenBrick will notify your financial intermediary. Representatives from your financial advisor will guide you through the purchasing process, which includes signing a subscription agreement and making the payment.

OpenBrick uses Distributed Ledger Technology (DLT) to operate in accordance with the provisions of the Pilot Regime Regulation. In particular, OpenBrick has built its platform on the Hedera network. This technology ensures the transparency, security, and immutability of transactions.

OpenBrick implements robust security measures to safeguard the platform and user data. This includes encryption protocols, multi-factor authentication, regular security audits, and adherence to industry best practices for data protection.

Smart contracts are an integral part of the OpenBrick platform, as they automate and enforce the terms of transactions involving tokenized securities. These self-executing contracts enable secure and transparent transactions by eliminating the need for intermediaries and ensuring trust and efficiency.

In the unlikely event of a security breach, OpenBrick has incident response protocols in place. Our team swiftly investigates any breach, takes necessary measures to mitigate the impact, and informs affected users about the incident and the steps to take to protect their information.

OpenBrick uses Distributed Ledger Technology (DLT) to ensure the integrity and immutability of tokenized real estate assets. Transactions and ownership records of the assets are recorded on the network, providing a transparent and tamper-proof system.

Yes, OpenBrick conducts regular audits to assess and enhance security measures and ensure compliance with regulatory standards. These audits are carried out by independent external auditors to maintain the highest level of security and regulatory compliance.

You can contact OpenBrick's customer service by visiting our website and accessing the Contact page. There, you will find our contact details.

Our customer service team is available during regular business hours, Monday to Friday, from 9 AM to 5 PM CET. Please note that response times may vary depending on the volume of inquiries, but we strive to address your queries as quickly as possible.

OpenBrick provides a regulated platform where issuers can raise funds through the issuance of equity or non-complex bonds for their real estate projects/developments. The financial instruments are linked to the performance of the real estate assets and can be issued by Real Estate Investment Companies (SOCIMI), Special Purpose Companies, or Joint Stock Companies. OpenBrick has access to a wide range of investors, through financial intermediaries, from institutional to retail investors, who can invest in the securities issued to the market to finance the project/development.

OpenBrick Advisory provides a set of capital markets solutions (equity and debt advisory) to help real estate issuers prepare for fundraising. This includes asset structuring, valuation, securities issuance, auditing, and regulatory guidance to ensure a secure fundraising process that complies with applicable regulations and best practices.

Yes, the joint-stock company / SPV based in the EU can own real estate assets worldwide. It is the issuer's responsibility to manage all jurisdictional aspects of the foreign real estate asset and to disclose all project details in the term sheet of the issuance.

OpenBrick Advisory (OA) encompasses a comprehensive set of financial services meticulously designed to assist issuers in preparing their real estate assets for tokenization and listing in the market. OpenBrick Advisory offers a wide range of services that cover asset transaction structuring, valuation, auditing, and regulatory and compliance guidance. It perfectly encompasses underwriting, due diligence, market analysis, and distribution strategies, all meticulously designed to elevate and optimize the overall issuance process.

OpenBrick Markets (OM) encompasses the operational backbone of the platform, serving as the central infrastructure for the issuance, management, and trading of digital securities linked to real estate assets. OM is dedicated to facilitating smooth and efficient transactions, ensuring seamless market access, and optimizing the overall experience for all participants involved in the transactions. OM covers various stages, including pre-listing tasks such as swift management and onboarding, as well as distribution strategies. Additionally, it continuously handles the maintenance, custody, trading, and valuation of the financial instruments listed on the market.

OpenBrick offers various funding options, including equity and debt instruments (non-complex shares and bonds), tailored to the needs of issuers and investors. The specific funding options available may depend on factors such as the project's characteristics, the governance of the cap table, with the option to issue hybrid structures (debt + equity) when necessary. Debt instruments must ensure that their design complies with the requirement of not incorporating complex structures as defined by ESMA.

OpenBrick welcomes real estate developers, REITs/SOCIMIs, and RE Funds/GPS as potential issuers interested in seeking funding for their real estate projects. However, OpenBrick has defined admission procedures in its Market Regulation and development regulations to assess and make the decision on whether an issuer can issue equity or bonds in the market.

Retail investors can access real estate financial instruments through authorized financial distributors that have access to the OpenBrick market.

On the OpenBrick platform, you can only invest in financial instruments: shares (equity of a joint-stock company) and non-complex bonds (debt). These financial instruments can be linked to projects across a wide range of property types: residential, logistics, office, senior housing, retail spaces, luxury properties, co-living spaces, or hospitality establishments.

Retail investors can benefit from portfolio diversification by accessing an asset class that has traditionally been inaccessible. They also benefit from transparency, efficiency, and potentially lower costs associated with investing in real estate assets.

OpenBrick aims to enhance the liquidity of the real estate sector by providing a secondary market where investors can trade shares and bonds related to real estate. This secondary market allows investors to liquidate their investments more efficiently compared to traditional real estate investments.

The secondary market on the OpenBrick platform is a market where investors can buy or sell real estate assets after their initial issuance. It provides investors with the opportunity to exit their investments or acquire additional assets from other participants.

In the secondary market investors have the opportunity to express their intentions through orders. An order signifies a market participant's commitment to buy or sell a specific quantity of assets at a predetermined price. The collective accumulation of these pending buy and sell orders is known as the order book. This record is diligently maintained by OpenBrick Market and recorded in the DLT, providing a transparent representation of both the existing supply and demand for the asset. Additionally, it displays the respective prices and quantities at which investors are willing to buy or sell the asset. Organized by price, the order book shows the highest buy orders and the lowest sell orders at the top. A transaction represents the actual exchange of an asset between two parties, according to a previously agreed-upon price and quantity. This occurs when a buy order is appropriately matched with the corresponding sell order. A transaction means the actual transfer of an asset between a buyer and a seller at the agreed-upon price and volume. All transactions are recorded in the DLT, enhancing the transparency and efficiency of the process.

While OpenBrick strives to provide liquidity for a wide range of real estate assets, the availability of liquidity may vary based on factors such as market demand, asset performance, and investor sentiment, as well as other external factors like macroeconomic data and political situations. It is important to assess the liquidity of specific assets before participating in the secondary market.

OpenBrick aims to expand its reach and offer investment opportunities to international investors. However, participation availability will be subject to the relevant authorizations, local regulations, and eligibility criteria. It is advisable to review the specific participation requirements based on your jurisdiction.

OpenBrick operates under a legal framework that includes measures to protect investors, such as disclosure requirements, transparency standards, and regulatory oversight. These measures aim to safeguard investors' interests and promote fair and informed investment practices. Additionally, financial intermediaries must implement the relevant investor protection measures to which they are subject under applicable regulations.

OpenBrick takes data privacy very seriously and implements robust security measures to protect your personal information. We adhere to applicable data protection laws and regulations, and we have strict internal policies and procedures in place to safeguard your data from unauthorized access, use, or disclosure.

OpenBrick collects the personal information necessary for the registration and verification process, as well as for compliance with regulatory requirements. This may include your name, contact details, identification documents, and financial information. We only collect information that is relevant and essential for providing our services.

Your personal information is used for account registration, identity verification, compliance with regulatory obligations, and to provide you with access to the OpenBrick platform and services. We do not use your personal information for any other purpose without your explicit consent.

OpenBrick respects your privacy and does not sell, rent, or share your personal information with third parties for marketing purposes. However, in certain circumstances, we may be required to disclose your information to regulatory authorities or other parties as mandated by applicable laws and regulations.

Financial distributors play a crucial role in connecting investors with real estate assets on the OpenBrick platform. They act as market members, allowing them to operate directly on OpenBrick to relay buy and sell orders for the securities traded on OpenBrick from their clients, having received special authorization and meeting specific requirements. Intermediaries that are not members of OpenBrick must relay their clients' orders to those distributors that are market members.

Financial intermediaries interested in becoming market members to offer investment opportunities through OpenBrick must undergo a regulatory authorization process. This process ensures compliance with relevant regulations and safeguards the interests of investors.

Financial distributors can offer a range of investment opportunities, including equity and debt instruments backed by tokenized real estate assets.

OpenBrick operates within the legal framework of specific jurisdictions where it is in the process of obtaining the necessary licenses and regulatory approvals. Currently, OpenBrick operates only in Spain under the supervision of the National Securities Market Commission in the context of the Spanish Financial Sandbox.

Access to the token custody system is strictly controlled and limited to authorized OpenBrick personnel responsible for managing and administering the custody process. Only individuals with the necessary permissions and credentials can access the system.

In the unlikely event of a security breach or loss of tokens, OpenBrick has contingency plans and procedures in place to mitigate the impact and take appropriate action. This may include notifying affected parties, conducting investigations, and implementing measures to prevent future incidents.