Spain runs on the notarial system: every sale is signed as an escritura pública (public deed) before a notario (notary). But between the deposit contract and the deed, the buyer's money sits unprotected. REXE is built to close that gap.
A Spanish purchase typically begins with a contrato de arras — a private deposit contract under which the buyer hands over around 10% of the price to reserve the property. That deposit usually goes straight to the seller or the agent, with no independent custody if the deal collapses or the title proves defective.
At completion, the balance is paid — most often by banker's cheque (cheque bancario) handed across the notary's table or by direct transfer to the seller — at the moment the escritura is signed. The notario authenticates the deed and verifies identity, but does not typically act as an independent escrow custodian for the purchase funds. The money is exposed in the gap between contract and registration.
Ownership and charges are recorded at the Registro de la Propiedad (Land Registry) and disclosed in the Nota Simple, an official extract of the property's registry status. Mortgages, embargoes, and undisclosed debts can still surface after a deposit is paid. REXE gates fund release on verified title and charge status — the deposit and balance stay in regulated escrow until the position is clear and the deed is signed.
Market note: Spain is a Phase 1 expansion market. It shares the notarial settlement model of Greece and Italy, and REXE's Qobrix CRM (Spain) integration is already live — the same regulated escrow platform applies, with localised Spanish-language and compliance support.
REXE is expanding into Spain. Lawyers, agents, and developers can register early interest and help shape the rollout.