Securitize, Socios to Offer Tokenized Football Club Shares

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.