Securitize announced a strategic alliance with Socios.com to develop tokenized equity offerings with minority stakes in professional sports clubs.
The joint project will combine Securitize’s regulated securities issuance infrastructure with the network of relationships that Socios.com maintains with more than 70 top-tier sports organizations, including FC Barcelona, Paris Saint-Germain, Manchester City and Juventus.
Under the agreement, both companies will work with clubs, owners and institutional investors to structure and tokenize minority stakes under the Socios Equity Token brand, subject to applicable securities laws, league requirements and jurisdictional restrictions. Socios.com will lead relationships with the sports industry, while Securitize will manage the regulated issuance of securities, investor onboarding and ownership record administration.
The initiative will be the first tokenization project launched through the company European trading and settlement system under the EU pilot regime on blockchain technology. Professional sports franchises represent an estimated aggregate value of $500 billion globally, with predominantly private ownership and minority stakes that are difficult to access.
Source: https://securitize.io/learn/press/securitize-socios-tokenized-equity-sports-teams
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