Securitize will offer tokenized shares of sports teams
The universe of tokenization is multiplying, and reaching such varied fields as that of sports clubs. Securitize has partnered with Socios.com to offer tokenized shares that grant minority stakes in professional teams.
Securitize, a digital asset company listed on Wall Street and founded by Carlos Domingo, has partnered with Socios.com to offer tokenized shares in professional sports teams. The alliance aims to provide a regulated investment infrastructure for tokenized shares, allowing for minority stakes in teams to be bought and sold. The global professional sports franchise market is estimated to be worth $500 billion, but minority stakes are often difficult to access or negotiate.
Securitize and Socios.com plan to work with sports teams, owners, and institutional investors to develop the infrastructure, under the Socios Equity Tokens brand, and subject to applicable securities laws and regulations.
Written by urgent.news from Expansion ES's report — not a translation of it. Machine-written — may contain errors; check the original before relying on it.
