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Securitize to tokenize minority sports-team equity via Socios plan
The deal is expected to run through Securitize’s European trading and settlement system under the EU DLT Pilot Regime, which limits eligible issuers to under €500 million at admission.
Securitize will provide regulated securities issuance, investor onboarding and ownership records for Socios.com’s plan to sell tokenized minority stakes in professional sports teams, the Chiliz Group’s Socios parent and Securitize said. Socios.com will handle team relationships and the fan-facing layer, while Securitize will manage issuance, transfer controls and ongoing servicing through its regulated affiliates.
The tokens will carry the Socios Equity Tokens brand and are described by the companies as subject to applicable securities laws, league requirements, club approvals and jurisdictional restrictions. The companies also said Fan Tokens and Socios Equity Tokens will remain separate products, with Fan Tokens aimed at engagement and utility and the equity tokens representing a regulated financial interest.
Securitize said the initiative is expected to be the first tokenization project launched through its European Trading and Settlement System under the EU DLT Pilot Regime. Under Article 3 of Regulation (EU) 2022/858, shares can be admitted to a DLT market infrastructure only if the issuer’s market capitalization is below €500 million at the time of admission.
The EU DLT framework also caps bond issuances at €1 billion and sets an aggregate market value limit of €6 billion across all instruments on a single infrastructure at admission. The release estimates professional sports franchises are worth about $500 billion, while noting the €6 billion ceiling is roughly 1.4% of that total.