Alfonso Muñoz, David Calzada, Jesús González, Javier Basagoiti & Marcos Carrera

Grant Thornton organises the forum “Tokenisation of real estate assets”

Grant Thornton has organised the forum “Tokenisation of real estate assets”, which aims to build a much more agile model that offers new investment opportunities.

The event counted with the collaboration of BME and Asocimi and the presence of Jesús González (pictured centre), managing director of BME Growth; Javier Basagoiti (pictured centre right), president of Asocimi and David Calzada Criado (pictured centre left), audit managing partner of the Madrid office and real estate specialist, who have been in charge of the opening.

Javier Basagoiti emphasised Asocimi’s desire to invest in financial assets and to draw up regulations for the Socimis law. Jesús González focused on the innovation of tokenisation and BME’s participation in the sandbox with a market place for digital assets. Finally, David Calzada emphasised the revolution that blockchain can cause in the real estate industry.

The multiple applications of blockchain technology through the creation of a distributed, automated and shared registry for all participants is the basis for the tokenisation of assets.

Specifically, in the real estate sector, the regulation of the tokenisation of real estate investments was non-existent until 2020. Since then, innovative and disruptive european regulatory proposals such as MiCA, which serves as an initial step for the regulation of cryptoassets and is pending approval, have been emerging.

Likewise, EU Regulation 2022/858 is already in force, which, for three years, will serve as a pilot test in which shares, debt and units of collective investment institutions can be tokenised and which, if successful, will lay the foundations for changing the market as a whole.

According to Marcos Carrera (pictured right), co-director of Grant Thornton’s blockchain and crypto lab, the sector is facing a moment of great opportunity: “We must seize the moment. Tokenisation is not only an alternative way to find financing, but it also means creating a new digital financial instrument. In our crypto lab we have been working for seven years and have carried out 27 high-impact projects, both in the field of startups and with corporate areas with links to 15 countries,” he said.

Irina Wakstein