The Piece tokenized securities are structured as a bond instrument with a fixed maturity date (usually 10 years from issuance). The recommended holding period is until maturity. An ordinary termination is not possible.
This means that once you invest in the Piece tokenized securities, your initial investment is locked up for this entire period. However, we know that the investors would like to have a better liquidity. That is why we prepared a secondary market function. You can find the details of the Secondary market function here. Also, if the issuer decides to divest the property before the maturity date, you will receive the net proceeds (if applicable) calculated based on the nominal value of the investment and the bonus interest.
Investor Obligation: Before investing, it is mandatory that you carefully review the official documentation for the full legal details of this commitment:
Key Information Document (KID): Outlines the risks associated with the holding period and liquidity constraints.
Terms of Issue: Contains the specific, legally binding details regarding the maturity date and repayment schedule.