The Spanish company Dianelum announced that the National Securities Market Commission (CNMV) approved its tokenized debt issuance plan for a value of 5 million euros.
In this way, through the alliance with other tokenization platforms, such as Token City and Ursus-3 Capital, Dialenum intends to boost the jewelry sector under the concept of “responsible luxury”.
As the firm points out, dedicated to the manufacture of solid diamonds, they plan to launch The first Financial instrument offer tokenized Security Token Offering), regulated in Spain.
The plan is to digitize debt bonds through a blockchain, which will allow them to fracture them into small value units. In this way, some 1,000 tokens will be issued that will be distributed to interested investors, through direct channels and institutional, for a value that part of the 5,000 euros.
The company will have a maximum of 136 days to sell the tokens and the loan will be in force for 5 years. At the close of this period, investment yields will be received, which will come from the asset rotation of the Diamond Bank.
Investors who want to participate directly in the issuance are already on the company’s website information about the operation, as well as the white paper detailing the offer, the characteristics of the issued token, the description of the company and the business, as well as the Investment Risk Factors.
The first tokenized broadcast is granted to Dialenum by having Registration as Erir (Entity responsible for registration and registration). This means that it is enabled to guard financial instruments in Spain, being responsible for the registration and registration of values using decentralized technologies (TRD).
This is how the company receives authorization from the CNMV for the custody of tokenized assets. This is the second time they resort to this process, although this time in a regulated environment.
“In 2019 we did the first sto through our regulated crowdfunding, when the tokenization was allowed but not explicitly contemplated in the law still”, Explained the firm.
After the recent regulatory changes, legal recognition is already explicit and full. We are proud to be part of the first broadcast of this new era of tokenized finances.
Dianelum, Diamond Distributor.
Assets token is a form of financing that is emerging strongly globally and is probably consolidated as cryptocurrency regulation progresses in different countries.
As Cryptonoticia reported, at the end of last year the global consultant McKinsey predicted that the tokenization of assets would reach 2 billion dollars by 2030. The firm indicates that as the scope and magnitude of the tokenized funds grow, They will materialize additional benefits related to products and operations.
In the case of Spain, as a member country of the European Union, it is expected that with the entry into force of the Mica Law on December 30, the cryptocurrency ecosystem will receive a boost thanks to the entry of traditional companies, especially using the resource of tokenization.
«We are excited to be pioneers of this new era for finance, since we believe that this technology will gradually be implemented throughout the financial sector,» said Juan Jurado Baranda, general director of Ursus-3 Capital.