Securitize, Socios.com Team Up on Tokenized Sports Club Ownership
Securitize and Socios.com have partnered to develop a tokenized security product tied to minority stakes in professional sports clubs. The Socios Equity Token will allow investors to buy tokens representing ownership shares in these clubs, expanding access to this $500 billion market.
The partnership combines Securitize's expertise in securities issuance and trading with Socios.com's relationships with sports teams and fans. This venture is intended to provide a new asset class for institutional investors and private equity firms, as well as giving fans an economic link to their favorite teams.
The project will utilize Securitize's trading and settlement system built under the European Union's DLT pilot regime. While specific details on participating teams, token issuance terms, investor eligibility, and supported blockchains have not been disclosed, they will be announced upon individual product approval.