All NewsEducationTVBrokers
Equities & FundsCrypto & Digital AssetsAI & TechnologyBusiness & CorporateUS Politics & PolicyGeopolitics & Global RiskMacro, Rates & FXCommodities & EnergyEuropean Politics & MarketsAsia-PacificReal Estate & Property
All NewsHome
← Back to Equities & Funds

Securitize, Socios to Offer Tokenized Football Club Shares

Created at 2 Sep · 1:06 PM1 source↑ Market-relevant
IN SHORT

Securitize, a tokenized asset firm, is partnering with fan token company Socios to offer shares in football clubs on the blockchain. The collaboration aims to create regulated investment infrastructure for tokenized sports club equity, potentially opening up minority interests in professional teams to a wider investor base.

Key Numbers

$5bnSecuritize assets under management
$1bnSecuritize market cap

Who's Involved

Securitize
NYSE-listed tokenized asset firm
Socios
Fan token firm partnering on football club shares
Carlos Domingo
Co-founder of Securitize
Securitize, Socios to Offer Tokenized Football Club Shares

↳ Why This Matters

This partnership could democratize investment in professional sports teams by tokenizing equity, potentially opening up a new asset class for investors and providing sports clubs with novel funding and engagement mechanisms.

Key facts

  • Securitize and Socios have formed a partnership to offer tokenized shares of football clubs.
  • The offering will be on the blockchain, creating regulated investment infrastructure for sports club equity.
  • Securitize, with $5 billion in assets under management, will handle the regulated issuance and administration of these shares.
  • Socios will lead relationships within the sports industry and develop the fan-facing engagement layer.
  • The initiative aims to provide a new way for teams and owners to issue equity while maintaining investor protections.

New York-listed tokenized asset firm Securitize is set to offer shares in football clubs held on the blockchain through a strategic partnership with fan token company Socios. The collaboration aims to develop regulated equity offerings involving minority interests in professional sports teams.

Securitize, which manages $5 billion in assets and has a market capitalization of $1 billion, will be responsible for the regulated issuance, investor onboarding, ownership record administration, and transfer controls. Socios will lead relationships across the sports industry and the development of the fan-facing engagement layer.

This move follows the London Stock Exchange's recent announcement of plans to launch UK tokenized equity structures. While it is not specified if the offered equity will be in UK clubs, Socios is reportedly in discussions with teams from Europe's top five leagues. Previously, Italian team Rimini FC sold a 25% stake using cryptocurrency Quantocoin.

Securitize co-founder Carlos Domingo stated that professional sports teams represent a significant, largely private asset class. He believes Securitize's regulated infrastructure in the US and Europe can offer teams and owners a new method for issuing and administering equity, ensuring investor protections and ownership rights.

Frequently asked questions

Securitize is a New York-listed firm specializing in tokenized assets, managing $5 billion in assets under management.

Socios is a company that offers fan tokens for various football clubs, enabling fan engagement.

The partnership aims to create regulated investment infrastructure for tokenized sports club equity, allowing for the offering of shares in football clubs on the blockchain.

What Happens Next

01Discussions with teams in Europe's Big Five leagues are expected to continue.
02The development of regulated investment infrastructure for tokenized sports club equity will proceed.
CME Headlines
  • Initial Listing of Five (5) CME and (1) CBOT E-Mini Factor Futures Contracts
    2 Sep · 11:00 AM
  • E-mini S&P 500 futures pull back to 7,700 to start week.
    31 Aug · 8:48 PM
  • E-mini S&P 500 futures pull back to 7,700 to start week.
    31 Aug · 8:48 PM

How It Developed

Securitize and Socios announced a strategic partnership to develop regulated equity offerings for professional sports teams.
Securitize will offer tokenized shares of football clubs on the blockchain.
The partnership aims to create the world's first regulated investment infrastructure for tokenized sports club equity.
Socios will manage sports industry relationships and fan engagement, while Securitize will handle regulated securities issuance and administration.
Securitize's regulated infrastructure in the US and Europe will be used to issue and administer equity for sports teams.

Sources

T1
NYSE-listed Securitize offer football club shares on blockchain with SociosCity AM

Related Stories

Hyperliquid Strategies boosts equity facility to $2.5B
2 Sep · 6:06 AM
Investors push back on SEC's 'novel ETF' label proposal
1 Sep · 8:48 PM
Cathie Wood's Ark Invest Buys $37M in Block, $3.4M in Circle
1 Sep · 4:22 PM
YouTuber Markiplier Becomes GoPro's Largest Shareholder, Sparking Meme Stock Rally
1 Sep · 3:56 PM
Crypto Stocks COIN, BMNR, CRCL Decline Amid Fed Rate Hike Concerns
1 Sep · 4:57 PM