Throughout the subscription process on the TWINO platform, the latest status for each Real estate security is displayed:

Collecting funds - the subscription is in progress. Funds of investors are being reserved until the full subscription amount is raised.
Fully funded - the full subscription amount for the specific issue has been acquired. The process of issuing securities has started.
Cancelled - the required subscription amount for the specific issue has not been acquired within the subscription period. No securities will be issued, and the reserved amounts will be returned to the respective investors.

Once Real estate securities are issued, they will have an ISIN code assigned to them.