First Tokenized Warehouse Complex Built in El Salvador

El Salvador is pioneering the use of tokenized instruments as business enablers, allowing companies to finance their projects using this innovative scheme. Burgo de Osma, estate developer, and MIO3, its tech partner, built the first tokenized complex of warehouses in El Salvador: The Cobodosa complex, located in the Zaragoza district.

The complex, which spans 10 independent modules equipped for any industry, is one of the first enterprises of its kind to succeed in using the tokenization model for funding purposes. The whole complex cost $21 million, which was partially financed by the builder and partly by the proceeds of the tokenized sales.

Javier Aylagas, president and founder of Burgo de Osma, remarked on the relevance of the project as a trailblazer for tokenization in El Salvador. He stated:

Today we are not only inaugurating a first-class warehouse complex, but we are also witnessing the beginning of a new era for real estate investments in the country, thanks to the benefits, primarily tax benefits, granted by the Digital Assets Law in El Salvador.

Julio Valdez, CEO of MIO3, also highlighted the benefits of tokenization for companies trying to raise funds in El Salvador. “The adoption of digital assets has strengthened the confidence that investors and buyers have in the market,” he stressed. The tokens for this project were not publicly offered, being purchased by two undisclosed international investment funds.

According to reports, the Digital Assets Law, approved in 2022, authorized issuance for over $5 billion just in 2024, and the numbers are expected to grow further now that there have been successful instances of this finance scheme operating.

Nonetheless, one of the first initiatives leveraging tokenization that aimed to build a Hilton hotel in El Salvador failed due to a lack of interest.

Read more: First Digital Debt Offering Fails to Get Traction in El Salvador

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