Securitize and Socios.com plan tokenized equity for sports teams

Securitize and Socios.com have partnered to develop regulated tokenized equity offerings that would represent minority ownership stakes in professional sports teams. Summary Securitize and Socios.com will develop regulated tokenized equity representing minority stakes in professional sports teams. Socios.com will manage sports and fan relationships, while Securitize will handle issuance, investor onboarding, ownership records and transfers. The first offering is expected to use Securitize’s authorized EU DLT trading and settlement system. Participating teams, investment terms, eligibility requirements and supported blockchains will be disclosed after individual offerings are approved. The companies said the planned offerings will operate under the Socios Equity Token brand, combining Socios.com’s sports relationships and fan network with Securitize’s regulated securities infrastructure in the United States and Europe. Socios.com, which is powered by Chiliz Group, will lead relationships with teams, owners and fans. Securitize will handle the regulated side of the offerings, including securities issuance, investor onboarding, ownership records and transfers. The companies plan to st...