Real Estate Investment and Project Management 2025 modifies its tokenized obligations

Gestión de Inversiones y Proyectos Inmobiliarios 2025, S.A. has modified certain conditions of its non-convertible tokenized bond issuances of series A (FDX001) and series B (FDX002). The agreement was registered in the Mercantile Registry of Santa Cruz de Tenerife on September 7, 2026, and is published in the Official Gazette of the Mercantile Registry (BORME) number 181, dated September 18, 2026. The official reference of the announcement is BORME-A-2026-181-38.

The company is domiciled at calle El Sauce, 9, edificio Fayal, locales 1-2, in Adeje (Santa Cruz de Tenerife), and was incorporated with a capital of 60,000.00 euros, commencing operations on June 25, 2025. Its corporate purpose includes the purchase and sale of real estate on its own account and the provision of digitalization services in financing operations for investment projects, as well as strategic, technological, organizational, and training consultancy.

The modification is registered in the registry sheet opened in the name of the company in the Mercantile Registry of Santa Cruz de Tenerife, identified as S 8, H TF 75462, and affects the two tranches of tokenized debt that the company currently maintains.

Two series of tokenized bonds

The registry announcement includes two consecutive entries, both dated September 7, 2026, and classified under the heading “Other concepts”:

• Series A, identified with the code FDX001: non-convertible tokenized bonds.
• Series B, identified with the code FDX002: non-convertible tokenized bonds.
• Registry entries: I/A 4 for series A and I/A 5 for series B.
• Registry sheet: S 8, H TF 75462, of the Mercantile Registry of Santa Cruz de Tenerife.

Background: the original issuance

On March 31, 2026, the company registered a bond issuance in the amount of 1,347,000.00 euros, with TERRICABRAS ADVOCAT SLP as the issuance commissioner. Those entries (I/A 2 and I/A 3) were published in BORME number 98, dated May 26, 2026 (p. 26200).

The incorporation of the company, with MEOLI DIONIGI as president, BOSATTA ALBERTO as vice president, and PIZZI ROBERTO as secretary, was published in BORME number 174, dated September 12, 2025 (p. 42425).

Scope of the modification

The announcement is limited to stating that “certain conditions are modified” for each of the two issuances, without detailing in the registry publication which specific terms were altered. The reference therefore affects the conditions of the bonds already issued and not the creation of new series.

What it implies for bondholders

The change in the conditions of a bond issue directly affects the legal and economic position of those who subscribed to the securities, as the content of their relationship with the issuing company is altered. The registry publicity of the agreement allows bondholders to know that the conditions of series FDX001 and FDX002 have been modified and to exercise, where applicable, the rights recognized by the applicable regulations.

The case is unique as it involves non-convertible debt represented by digital assets, a format that the company itself incorporates into its corporate purpose as a digitalization service for the financing of investment projects. The registration in the Mercantile Registry of Santa Cruz de Tenerife confirms that this type of tokenized issuance accesses the public registry normally, and that its modifications are subject to official publicity in the BORME.

Source: Official Gazette of the Mercantile Registry, no. 181, September 18, 2026, First Section (Entrepreneurs, Registered Acts), p. 44333 (official reference: BORME-A-2026-181-38).