Security and Legal

Integrity. Structure.
Rigor in every opportunity.

Every opportunity on Real is connected to a legal structure, specific documentation, a risk assessment and a real asset or cash flow. Here is how it works.

What does the token represent?

You hold rights,
not direct ownership
of the physical asset.

Each token issued on Real represents the economic, participation or contractual rights set out in the project's legal documentation. It represents a defined legal position within that structure, rather than direct ownership of the physical asset.

Legal structure

Each project is held in an independent legal vehicle, such as an SPV. You acquire rights in that vehicle rather than direct ownership of the physical asset.

Defined terms

Every opportunity has its contract. It defines how returns are generated, when they are paid, what happens at exit and what rights you hold as a token holder.

Your rights, recorded on-chain

The token is the digital, verifiable representation of your rights. Blockchain ensures your position is recordable, transferable (when applicable) and auditable.

Investment risks

Every investment
involves risk.

Clear disclosure is part of responsible investing. Consider these main risks before investing in any opportunity on Real.

Market risk

The asset value may fall. A property may appraise lower in the future, a harvest may fetch a lower-than-expected price, a franchise may sell less.

Operational risk

The asset operator may not deliver as planned. Construction delays, management problems or unexpected events may affect cash flows.

Liquidity risk

Selling your position depends on finding a buyer. Real may offer exit windows, but liquidity is not guaranteed.

Regulatory risk

Changes to taxes, tokenization rules or SMV regulations may affect operations or expected returns.

Technology risk

Smart contract bugs, blockchain attacks and operational failures can affect your investment. Audits help mitigate this risk but cannot eliminate it entirely.

Total-loss risk

In the worst-case scenario you can lose 100% of your invested capital. That's why we recommend diversifying and only investing what you are willing to lose.

Why blockchain?

Transparency and efficiency.
No magic promises.

Blockchain makes investor records, return payments, transfers and ownership changes traceable and auditable in real time. But it doesn't turn a bad asset into a good one. The technology improves operations; it does not eliminate the economic risks of the asset.

General disclaimer

What you need to know.

About returns. Returns shown in any Real opportunity are estimated and represent projections based on operator assumptions. They are not a promise or guarantee of return. Actual results may be higher, lower or zero.

About liquidity. The ability to sell your position before the project exit depends on buyer availability, applicable regulation and the specific conditions of each asset. Real may facilitate exit windows when possible but does not guarantee secondary liquidity.

About tokenization. Each token represents the rights defined in the legal documentation of the corresponding opportunity. It does not represent direct ownership of the physical asset. For specific details on each token, review the project documents before investing.

About regulation. Real operates under the regulatory framework and is advancing licensing to expand jurisdictions. The token offering may be restricted depending on the investor's country of residence.

About your account and wallet. Wallets on Real are allowlisted: only verified wallets can receive tokens. If you lose access, contact support immediately to begin the account recovery process.

About Real. Real operates under Real Capital S.A.C. The operational continuity of the assets does not depend exclusively on Real: each SPV or legal vehicle is legally independent.

Regulatory framework

Building under regulation.

Real operates under the financial crowdfunding (FPF) framework, supervised by Peru's securities regulator, the SMV. We are actively working with legal and regulatory advisors to expand the jurisdictions where we operate.