The arrival of the ERIR (Entidad Responsable de la Inscripción y del Registro) marked a turning point in the financial sector: it enabled native issuance of tokenized assets, brought legal certainty, and ensured the integrity of issuances. Token City built the technology that allows eligible entities to operate as an ERIR, and will soon operate as an ERIR itself through its investment firm. Yael H. Oaknín, Jaime de Andrés, and Javier de Coca unpack the significance of the ERIR and trace the journey from the decision to build the technology to the present day. An essential conversation for understanding the ERIR.
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