OpenBrick is a digital platform based on blockchain technology that will operate as a Trading and Settlement System under the European Pilot Regime framework. It facilitates the issuance, management, trading, and settlement of financial instruments linked to specific real estate projects. OpenBrick was accepted into the Fourth Cohort of the Spanish Financial Sandbox and, while obtaining the necessary authorizations, operates under the supervision of the Spanish National Securities Market Commission (CNMV) within the Sandbox testing environment. Additionally, OpenBrick enables the DLT-based registration of holdings in any company. The technology allows Iberclear to act as an ERIR (Entity Responsible for Registration) for the representation of shares and other financial instruments using distributed ledger technology (DLT).

OpenBrick aims to facilitate investment in the real estate sector by providing access to selected projects evaluated by our professionals, offering an attractive risk/return ratio. Investors will have the opportunity to acquire financial instruments linked to these projects, enabling them to participate in their returns.

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 benefits for any market participant, including (i) access to a broader investor base, (ii) operational efficiency and reduced transaction costs, (iii) access to a regulated trading venue that enhances project liquidity, and (iv) transparency and trust through open disclosure practices.

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 distributor chosen by you must first be a member of OpenBrick’s market. You will need to complete your KYC (Know Your Customer) and Anti-Money Laundering (AML) verification with the selected distributor in order to open an account for the investment. Once this process is completed, the distributor representatives will guide you through the investment process.

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 OpenBrick, as they automate the entire lifecycle of financial instruments, from issuance and subscription processes to corporate event management, trading, and settlement. These self-executing contracts enable transactions to be conducted more securely, efficiently, and transparently, eliminating complex manual tasks and reducing the need for intermediaries.

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 platform where developers, asset managers, family offices, funds, operators, and banks, among others, can raise capital through the issuance of shares and bonds for their real estate projects and developments. OpenBrick offers access to a wide range of investors, including institutional, professional, and retail investors, who have the capacity to invest in the issued securities.

OpenBrick Advisory provides a wide-range of services to assist real estate issuers in preparing for their fundraising processes. These services include the financial structuring of tokenized projects or issuances, strategic planning of the issuance from commercial conceptualization to effective placement with investors, certification of regulatory compliance under the supervision of the Spanish National Securities Market Commission (CNMV), and specialized marketing services for identifying and defining the project's potential investor base.

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) offers a comprehensive range of services to assist real estate issuers in preparing for the fundraising processes of their projects. This includes financial advisory and structuring of the tokenized project, strategic planning of the issuance from its commercial conceptualization to its effective placement with investors, certification of regulatory compliance under the supervision of the Spanish National Securities Market Commission (CNMV), and specialized marketing services to identify and engage with the potential investor base of each project.

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 financing options, including equity and debt instruments (non-complex shares and bonds), tailored to the specific needs of each project. The specific financing options available may depend on factors such as the project's characteristics and the governance of the vehicle, with the possibility of issuing hybrid structures (debt + equity) when necessary.

OpenBrick welcomes developers, asset managers, family offices, funds, operators, and banks, among others, as potential issuers interested in raising capital for their real estate projects. However, OpenBrick has defined admission procedures outlined in its Market Rules and development regulations to assess and decide whether a specific issuer is eligible to issue in the market.

Retail investors can access the financial instruments offered in OpenBrick through the authorized financial distributors affiliated with the platform. These distributors will guide investors through the onboarding process and the subscription to such instruments.

The financial instruments offered on OpenBrick may be related to a wide variety of real estate types, including residential, hospitality, logistics, office, retail, and more.

Investors can access various real estate projects, diversifying their portfolios and gaining exposure to an asset-class that has traditionally been inaccessible to retail investors. Thanks to its technology, OpenBrick sets new standards of transparency and efficiency not seen in the real estate market.

OpenBrick aims to enhance liquidity in the real estate industry by offering a secondary market where investors can trade securities related to projects in their portfolios. This secondary market enables investors to liquidate their investments more efficiently compared to traditional markets in real estate.

OpenBrick's secondary market is a platform where investors can buy or sell assets once they have been listed or registered on the market following their initial issuance. It provides investors with the opportunity to gain liquidity or acquire additional assets from other participants.

Investors access the OpenBrick market through authorized distributors, who manage orders on behalf of their clients. These orders are processed through a matching system that operates based on defined criteria, such as price, volume, and time priority. Once matched, settlement is carried out via an instantaneous delivery versus payment (DvP) mechanism enabled by DLT technology. This eliminates counterparty risks and ensures that asset delivery and payment occur simultaneously. The secondary market will be available in 2025, following the necessary regulatory approvals.

Although OpenBrick strives to provide liquidity for a wide range of real estate assets, the availability of liquidity may vary depending on factors such as market demand, asset performance, and investor sentiment, as well as other external factors, such as macroeconomic data, political conditions, and more.

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.

Distributors play a crucial role in connecting investors with the real estate projects offered on OpenBrick. They act as market members, allowing them to directly execute buy and sell orders for the securities traded on OpenBrick. Intermediaries who are not members of OpenBrick must forward their clients' orders to distributors who 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.