The real estate developer Burgo de Osma has inaugurated COBODOSA, its first industrial warehouse complex in Zaragoza, representing a total investment of $21 million. Notably, approximately $7 million of this funding was obtained through the sale of tokenized debt on digital platforms, making it the first project in El Salvador to leverage blockchain-based financial instruments under the Digital Asset Issuance Law.
The newly inaugurated complex consists of 10 industrial modules, fully equipped for industrial and logistics operations. Javier Aylagas, president and founder of Burgo de Osma, emphasized that tokenization enabled the company to attract global investors to the project. This financing method allowed them to digitally represent a debt financial product and market it on digital platforms, similar to stock exchanges, but with the added benefits of blockchain technology, such as enhanced transparency and global reach.
The tokenized financing process was executed in two stages. The first stage involved issuing debt tokens to secure funding for the construction, offering investors a fixed interest rate. The second stage focused on the commercialization of the warehouses in a digital primary market, where each warehouse space was represented by a token and sold to clients, with the option of trading in a secondary market.
«Today, we not only inaugurate a first-class warehouse complex, but we also witness the beginning of a new era for real estate investments in the country, thanks to the tax benefits granted by the Digital Assets Law in El Salvador,» said Aylagas.
COBODOSA features state-of-the-art infrastructure, including industrial warehouses with up to six front parking spaces, a four-meter-high automated curtain wall, 12-meter ceilings, and capacity for up to five levels of racks. Additionally, the complex is equipped with a medium-voltage electrical substation, underground electrical conduit, and a wastewater treatment plant. Security measures include 24/7 access control and surveillance.
All warehouse modules have been sold at a base price starting at $914,000. The construction of the industrial park was completed within one year. Looking ahead, Burgo de Osma plans to continue expanding its industrial infrastructure portfolio using similar tokenized financing strategies.
«For 2026, we are planning the construction of a new and larger warehouse complex, reaffirming our commitment to the growth and development of the real estate sector in our country,» Aylagas stated.
During the inauguration ceremony, Luis Rodríguez, Executive Director of the San Salvador Metropolitan Area Planning Office (OPAMSS), highlighted the growing investor confidence in El Salvador’s real estate sector and the development of the investment corridor between La Libertad Este and La Libertad Costa. He also noted plans for a larger industrial warehouse in Nejapa, where the country’s logistics industry is experiencing rapid growth.
«This is an innovative initiative in the country’s real estate development, demonstrating how industrial assets can be managed and commercialized through blockchain technology,» Rodríguez remarked.