Real Estate Tokenization Expands in Mexico with Omen Capital

Omen Capital aims to build a strong real estate portfolio through tokenization of real estate projects.

Tokenization promises (and guarantees) protection and simplification of data management as well as greater accessibility to digitized assets. Since tokens are identification tokens that are stored on a blockchain network, they have the ability to reduce the risk of fraud, the management of sensitive payment data in complex transactions, the splitting of ownership of an asset into digitally transferable parts and, in real estate, facilitates the purchase of fractions of properties.

In general, tokenized real estate offers its holders greater liquidity, accessibility and cost reduction, because it is easier to sell than physical properties; it allows fractionalized properties to be bought and sold, investors from all over the world to participate in real estate and makes real estate projects more affordable than traditional ones, by eliminating intermediaries and land transfer tax.

The real estate tokenization process involves investment funds such as Omen Capital (a firm specialized in managing and creating real estate portfolios in several countries), which structured this month, in Mexico, the “Immaterial” fund, which aims to build a solid real estate portfolio through tokenizations of real estate projects.

The fund’s goal is to be one of the main investment vehicles in tokenized assets in Mexico and the United States, through the use of legal, financial and artificial intelligence tools. For this reason, Immaterial was structured as a legal vehicle that allows participation in tokenized real estate projects, “in an agile and flexible way,” but providing legal certainty to investors,” said Federico Vázquez, managing partner of Hefesto Asesores, the firm that acted as legal advisor to Omen Capital, together with Saltiel Law Group (SLG).

Tokenized real estate is so efficient that there are already several real estate projects based on blockchain technology, such as the St. Regis Aspen Resort (luxury hotel in Colorado, USA), which created the Aspen Coin to fractionalize the building, after valuing the resort and dividing it into digital tokens, representing a stake in the hotel property, which were sold to several global investors, who receive a portion of the revenue generated by the resort.

Legal advisors to the transaction:

Hefesto Asesores: Partner Federico Vázquez. Associate Adriana León.

Saltiel Law Group (SLG): Partner Moisés Saltiel. Associate Gonzalo Morell.