OpenBrick

What OpenBrick does

OpenBrick is a Madrid-headquartered, regulated digital platform founded in 2023 that enables real estate financing and investment through the tokenization of equity and debt securities. It operates as a Trading and Settlement System under the EU Pilot Regime, with Iberclear — the Spanish central securities depository and a BME subsidiary — acting as the Entity Responsible for Registration and Recording (ERIR), and with the underlying distributed ledger infrastructure built on the Hedera Hashgraph network. Smart contracts automate the full lifecycle of financial instruments, including issuance, subscription, corporate events, trading, and instant delivery-versus-payment settlement.

The product portfolio comprises three lines: OpenBrick Markets (the core platform for issuance, registration, trading, and lifecycle management of tokenized real estate securities), OpenBrick Advisory (financial structuring, regulatory compliance, placement, and investor relations consulting for issuers), and OpenBrick Solutions (a white-label SaaS tokenization engine licensed to third-party platforms). OpenBrick serves three customer segments — real estate sponsors seeking capital, retail and institutional investors accessing tokenized real estate, and authorized financial distributors — with investor onboarding and order execution routed exclusively through partners Renta 4 Banco, MoraBanc, and PKF Attest. Revenue is generated through platform issuance and listing fees, secondary-market trading and settlement fees, recurring white-label SaaS licensing, and cryptographic key custody fees.

The shareholder base is a strategic consortium bundling complementary institutional capabilities: Grupolar (real estate, 50+ years), Renta 4 (capital markets), ioBuilders (DLT engineering), BME and Iberclear (market infrastructure), Garrigues (legal/regulatory), MoraBanc (private banking), Teras (asset management), PKF Attest (capital markets services), and Finreg 360 (regulatory advisory). The company received a favorable preliminary assessment for admission to the CNMV Financial Sandbox in February 2023, expects a full BME market operator license in 2025, and is actively advocating — alongside seven other EU-regulated digital asset firms — for an increase in the DLT Pilot Regime transaction cap to €100–150 billion.

Name

OpenBrick

Legal name

OpenBrick SL

Website

https://openbrick.co

Company type

Private

Founded year

2023

Operating status

Operating

Headcount range

1–10 employees

Short description

OpenBrick is a Madrid-based regulated DLT platform that tokenizes real estate equity and debt securities under the EU Pilot Regime, serving real estate sponsors, retail and institutional investors, and financial distributors through its Markets, Advisory, and Solutions product lines.

Ownership category

akta.pro rank

Product category

Tokenized Real Estate Securities Platform

SIC

Security & Commodity Brokers, Dealers, Exchanges & Services (6200), Security Brokers, Dealers & Flotation Companies (6211)

akta.pro primary industry

Token Listings, Launchpads & IEO Platforms (FSADAAAJ)

Keywords

• Real estate tokenization
• Tokenized securities platform
• DLT securities issuance
• Blockchain capital markets
• Secondary market trading

Headquarters

HQ city

Madrid

HQ country

Spain

HQ region

Europe

Offices1 record

Markets served

GTM type

B2B and B2C

Offering type

Software

Cost components

Technology or R&D, Personnel, Operations, Marketing or Sales, Others

Revenue model

1. Platform Fees (Issuance & Listing): Fees charged to real estate issuers for listing and issuing tokenized securities (equity and debt) on the OpenBrick platform. Services include advisory (financial structuring, strategic planning, regulatory compliance, marketing consultancy, investor relations) bundled with market infrastructure.
2. Trading & Settlement Fees: Transaction fees earned on secondary market trades of tokenized real estate securities, including order matching and DvP settlement.
3. White Label SaaS Licensing: Revenue from licensing the white-label tokenization and trading engine to third-party platforms via a SaaS model, providing scalable, cloud-based tokenization technology.
4. Custody Services: Fees for cryptographic key custody services provided to investors and market participants for secure administration and transfer of tokenized assets.

Pricing tiers

Go-to-market motion3 records

Distribution channels5 records

Marketing channels6 records

Core offering

OpenBrick is a regulated digital platform that enables the issuance, registration, management, trading, and settlement of tokenized financial instruments (equity and debt) linked to real estate assets. It operates as a Trading and Settlement System under the EU Pilot Regime, built on Hedera Hashgraph DLT with Iberclear as the Entity Responsible for Registration and Recording (ERIR). The company also provides advisory services for capital raising and a white-label SaaS tokenization engine for third-party platforms.

Product overview

OpenBrick is a digital platform that redefines real estate financing and investment through tokenization. The platform operates as a Trading and Settlement System under the European Pilot Regime framework. The product portfolio consists of OpenBrick Markets (the core platform for issuance, management, and trading of tokenized securities), OpenBrick Advisory (consulting services for capital raising and project structuring), and OpenBrick Solutions (White Label SaaS tokenization engine for third parties). The platform integrates with Hedera Hashgraph for DLT infrastructure and Iberclear for settlement and registration services, enabling digitization of equity and debt instruments for real estate projects.

Differentiator

Problem solved

Functional benefit

Products and services

• OpenBrick Markets Core platform infrastructure for the issuance, registration, management, and trading of tokenized financial securities linked to real estate assets. Provides primary market issuance, DLT-based securities registration, secondary market trading with instant DvP settlement, comprehensive asset lifecycle management (dividends, interest, distributions) via smart contracts, cryptographic key custody, and real-time financial information services. Designed for real estate sponsors and investors accessing the market through authorized financial distributors.
• OpenBrick Advisory Comprehensive consulting service for real estate sponsors seeking to raise capital through the issuance and placement of tokenized products. Includes financial structuring, strategic planning, regulatory compliance advisory, marketing consultancy, and investor relations services. Targeted at developers, asset managers, family offices, funds, operators, and banks.
• OpenBrick Solutions

Quantifiable outcome

• Regulatory approval for CNMV sandbox participation (February 2023)
• +1 more outcomes

Segments3 records

Ideal customer profiles3 records

Technology focussed Yes

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Integration2 records

Feature7 records

Partnerships

Ten partnerships are on record, tiered core and minor.

• GrupolarcoreStrategic or Co-development PartnerInternational real estate group with over 50 years of experience, extensive network of partners and clients in investment, development, and property management sectors. Grupolar's Honorary President Luis Pereda Espeso serves as Chairman of OpenBrick's Board of Directors.
• Renta 4 BancocoreChannel Partner/ Reseller/ DistributorMarket-leading Investment Services Entity with broad network of institutional, private banking, and retail clients. Renta 4's Board Member Juan Carlos Ureta Estades serves on OpenBrick's Board of Directors. Renta 4 distributes OpenBrick investment opportunities and serves as a financial distributor.
• ioBuilderscoreTechnology or IntegrationEuropean leader in developing DLT-based technological solutions for institutional and corporate sectors. CEO Carlos Matilla Sanz serves as Director on OpenBrick's Board. ioBuilders provides the blockchain technology development and infrastructure for OpenBrick's platform.
• BME (Bolsas y Mercados Españoles)coreTechnology or IntegrationLeading financial market operator in Spain, offering services for trading, clearing, and settlement of financial assets. Iberclear, a BME subsidiary and Spanish Central Securities Depository, acts as the ERIR (Entity Responsible for Registration and Recording) for OpenBrick's DLT-based market.
• GarriguescoreImplementation/ SI/ Consulting PartnerLeading law firm in Europe specializing in corporate law and comprehensive legal advisory services. Of Counsel Moisés Menéndez Andrés serves on OpenBrick's Board. Garrigues provides regulatory compliance advisory and legal structuring for tokenized securities issuances.
• MoraBanccoreChannel Partner/ Reseller/ DistributorPrivate bank based in Andorra specializing in wealth management and personalized banking services. MoraBanc distributes OpenBrick investment opportunities to its private banking and wealth management clients.
• Hedera HashgraphcoreTechnology or IntegrationFully open source public distributed ledger utilizing fast, fair, and secure Hashgraph consensus. Network services include Solidity-based smart contracts and native tokenization. Hedera serves as the underlying DLT network for OpenBrick's tokenization platform.
• PKF AttestminorChannel Partner/ Reseller/ DistributorOne of the ten largest professional services firms in Spain. Capital Markets unit supports clients during listing and permanence on the Stock Exchange through Registered Advisor, Liquidity Provider, Placement Entity, and Investor Relations services for OpenBrick.
• Finreg 360minorImplementation/ SI/ Consulting PartnerThe first Spanish firm exclusively dedicated to regulatory advisory services in the financial sector. Provides specialized regulatory compliance advisory to OpenBrick.
• IberclearcoreTechnology or IntegrationSpanish Central Securities Depository and subsidiary of BME. Acts as ERIR (Entity Responsible for Registration and Recording) for OpenBrick, managing the DLT TSS (Trading and Settlement System) under the EU Pilot Regime. Registers financial instruments on behalf of OpenBrick.

Scale indicators4 records

Recent moves6 records

Expansion highlights6 records

Direct peers

• RealT: RealT is a real-estate tokenization platform that issues ERC-20 tokens representing fractional ownership in US rental properties. It is a direct competitor to OpenBrick in fractional real-estate investing, although it operates under a different regulatory framework.
• Seturion: Seturion is a European DLT securities settlement platform. It is also a co-signatory to OpenBrick's EU policy letter and operates in the same regulated tokenization space under the EU Pilot Regime.
• Tokeny: Tokeny provides an institutional-grade tokenization platform (T-REX) for issuing, managing, and transferring compliant security tokens. It targets issuers and partners in financial markets, overlapping directly with OpenBrick's primary-market tokenization offering.
• 21X: 21X is a BaFin-licensed DLT trading and settlement platform operating under the EU Pilot Regime, focused on tokenized securities. Named alongside OpenBrick in the joint policy letter to EU regulators and competes in the same regulatory category.
• Securitize: Securitize is a leading digital securities platform for tokenizing funds and private securities. It is one of OpenBrick's named co-signatories in the EU Pilot Regime policy advocacy letter and competes directly for regulated tokenization mandates across Europe.

Emerging players

• STX (SIX Digital Exchange / SDX-related entity): STX is an EU-regulated digital asset firm named alongside OpenBrick in the EU policy letter. It operates in tokenized capital markets and shares the same EU Pilot Regime regulatory context as OpenBrick.
• Swarm (formerly Swarm Markets): Swarm is a regulated platform for tokenized securities and real-world assets, including real estate. It is comparable to OpenBrick in offering regulated DLT-based issuance and trading of fractionalized assets.
• SolidBlock: SolidBlock provides blockchain-based solutions for tokenizing real estate assets and other regulated financial instruments. It overlaps with OpenBrick's real-estate tokenization use case but at an earlier scale and narrower asset focus.
• Axiology: Axiology is an EU-regulated digital asset firm that co-signed the policy letter to EU regulators and operates in the tokenized capital markets space. It is comparable to OpenBrick as a European digital-securities peer.

Broad incumbents

• tZERO: tZERO operates a regulated ATS for tokenized securities and offers broader capital-markets infrastructure. It is a more established incumbent with a longer operating history and broader asset coverage than OpenBrick's real-estate-focused platform.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat5 records

Key risks6 records

Key highlights7 records

Customer concentration

Compliance1 record

Revenue estimate

Valuation estimate

Number of profiles

Profiles10 records

Funding overview

Funding rounds1 record

Investors1 record

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about OpenBrick