VLC-14, issued by Reental, is a tokenized participatory loan providing economic exposure to a residential real estate development in Valencia, Spain, with a total investment size of 970,200 euros (EUR) as of September 9, 2026. [S1]

Holders receive returns from the operation of the underlying property structured as a participatory loan, with an estimated total and annual return of 11% over an 18-month investment period and a scheduled rental commencement of January 1, 2028. [S1] Across Reental Spanish offerings, monthly rental distributions are paid net of operating expenses and Reental commission, alongside a share of capital gains realized on sale above a defined appreciation threshold. [S2] Interest is generated in Tether (USDT), a stablecoin equivalent to one U.S. dollar. [S3]

Reental operates as a Delaware holding company with offices in Coral Gables, Florida. [S4] Spanish properties are tokenized as participatory loans under Law 6/2023 on Securities Markets, following CNMV criteria, while United States projects use security token offerings through LLC structures under SEC Regulation D and Regulation S exemptions. [S3] The holder's claim is a contractual interest in the participatory loan rather than direct title, which remains in the land registry. [S2] Participation requires identity validation, KYC and AML clearance, and proof of residence, and United States residents must be accredited investors. [S3]

Reental issues tokens on the Polygon network, where each token represents a proportional share of the participatory loan and its corresponding dividends. [S3] Distributions are paid in USDT and may be claimed to a wallet or reinvested for compound interest. [S3] Tokens may be resold through direct peer-to-peer sale to another accredited platform user. [S3]

<Sources
  retrievedAt="2026-09-09"
  items={[
    { id: "S1", url: "https://www.reental.co/en/marketplace" },
    { id: "S2", url: "https://www.reental.co/en/blog/new-tokenized-property-valencia-6" },
    { id: "S3", url: "https://www.reental.co/en/faqs" },
    { id: "S4", url: "https://www.reental.co/en" },
  ]}
/>


# Asset senders (weekly) methodology

## 1. Overview

`Asset senders (weekly)` is defined as the number of unique addresses that initiate asset transfers over a rolling 7-day period. For each tracked asset, outgoing transactions are analyzed to identify the addresses responsible for moving tokens. This metric is utilized as a key indicator of weekly user activity and transactional engagement for tokenized assets across various blockchain networks. By aggregating unique sending addresses within a moving 7-day window, short-term fluctuations are smoothed out to provide a clearer view of active adoption.

## 2. Data sources

- **EVM chain events**: ERC-20 token transfers, covering EVM-compatible chains (Ethereum, Arbitrum, Base, Polygon, Optimism, and others)
- **Solana instructions**: Token transfer instructions
- **Other blockchain data**: Token transfer and withdrawal events from Aptos, Near, Polkadot Asset Hub, Stellar, Sui, Ripple, and others
- **Asset metadata**: Token contract addresses and asset mapping datasets

## 3. Step-by-step calculation

### Component A: Extraction of daily sending addresses

- **Purpose**: Identify and extract unique addresses initiating token transfers on a daily basis for each asset.
- **Logic**: On EVM-compatible chains, sending addresses are extracted from ERC-20 token transfers where the sender address is not the null address. On Solana, sending addresses are identified from token transfer instructions using the authority address. On Aptos, Sui, Cardano, and Stellar Classic, sending addresses are retrieved from token withdrawal events. On Stellar Soroban, transfers are parsed from Soroban token transfer events, excluding mint transactions where the sender address is null. On Polkadot Asset Hub, `Transferred` events from the `assets` pallet are parsed to identify the sender. On Ripple, outgoing transfers are identified where the transaction value is negative. On Near and Injective, sending addresses are extracted from token transfer events where the sender address is populated.
- **Key fields**: `timestamp` (block time truncated to the day), `token_address` (the contract or asset identifier), `sender_address` (the address initiating the transfer)

### Component B: Rolling 7-day window aggregation

- **Purpose**: Aggregate daily active senders into a rolling 7-day window to calculate weekly activity.
- **Logic**: A daily datespine is generated to establish a continuous timeline. For each day in the timeline, a rolling 7-day window is constructed by looking back at the preceding six days. Daily unique sending addresses are mapped to each active window based on their transaction timestamps.
- **Key fields**: `timestamp` (the reference day for the rolling window), `token_address` (the asset identifier), `sender_address` (the address active within the window)

### Component C: Final deduplication and aggregation

- **Purpose**: Calculate the final weekly unique sender count per asset and chain.
- **Logic**: Within each rolling 7-day window, sending addresses are deduplicated to ensure each unique address is counted only once per asset, regardless of transaction frequency. The deduplicated counts are aggregated at both the individual chain level and the global asset level. Missing dates are filled with zero values to maintain a continuous time series.
- **Key fields**: `timestamp` (the reference day), `chain_id` (the blockchain identifier), `token_address` (the asset contract address), `asset_senders_weekly` (the count of unique weekly sending addresses)

*This methodology was automatically generated by Token Terminal's methodology analyzer.*

Unique asset senders over a rolling 7-day window.

Asset senders (weekly)

Tokenized funds

Reental tokenizes individual real estate properties on the Polygon blockchain, allowing investors to purchase fractional ownership through digital tokens. Each property is represented by a unique token with transparent rental income distribution and property management.

A real estate tokenization platform that enables fractional investment in rental properties worldwide through blockchain technology, providing accessible real estate investing with low minimums and automated income distribution.

Real estate investors seeking fractional ownership in tokenized property investments across global markets including Spain, Dubai, Mexico, and the United States.

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Real-world asset (RWA) issuers

Reental

REENTAL - VALENCIA 14 (VLC-14) is a tokenized fund share issued by Reental.

Each token is a direct claim on the issuer.

The fund is closed-ended and invests in real estate in Europe.

Retail investors can subscribe and redeem in EUR, with a EUR 100 minimum after completing KYC.

VLC-14 has been issued on Polygon as an ERC-20 token since June 2026.

REENTAL - VALENCIA 14VLC-14