Spain leads tokenized capital drive as Beself Brands digitises entire equity

In a landmark move underscoring Spain’s growing role in financial innovation, Barcelona-based Beself Brands has become the first company in the country to fully tokenize its corporate equity. This milestone follows the implementation of Spain’s Securities Market and Investment Service Act in March 2023, which established the ERIR (Tokenized Asset Registration and Record-keeping Authority) as the regulatory infrastructure for blockchain-based financial instruments. The act is part of a broader push to integrate blockchain into traditional finance while maintaining stringent security and compliance standards. This places the Southwestern European country at the vanguard of technological advancements. Details of the tokenization process The tokenization operation, according to the Beself Brands team, delivers a security token or STO, BeToken —which was issued by the Securities Market and Investment Service Act as a legal structure for issuing digital financial instruments. Already at the final approval stage, BeToken will offer economic and governance rights to holders. That’s not all: it is a 1:1 representation of Beself Brands shares, meaning that investors who purchase any amount of this token will have real-world shares and ownership of the company. Beself Brands’ equity tokenization shifts its structure from a traditionally run one to a digital equity managed by a public blockchain. Custody, compliance, and transferability, on the other hand, will be managed by the ERIR to guarantee proper, full-cycle supervision. Speaking to reporters about the tokenization and its impact on the country’s capital innovation, Albert Prat, founder of Beself Brands, describes it as a technical upgrade; a strategic redefinition of ownership. “This is not just a technical upgrade; it’s a strategic redefinition of ownership and capital access for modern companies. Tokenization allows us to welcome a global community of investors without sacrificing control or regulatory integrity,” — Mr. Prat explained. BeToken tokenomics and structure BeToken’s offering will be split into phases—one in June and the other in September—albeit pending final approval. According to the team, there will be 2,971,200 tokens available for sale to both institutional and low-income investors. As mentioned, holders will receive voting rights, economic benefits, and dividends while enabling a borderless, trustless, safe, and convenient investment alternative. To guarantee the utmost stability and protection of investors’ funds, Beself Brands introduces a few measures: A voluntary sales restriction limiting founding holders from selling more than 10% of their holdings annually. This will run for the first four years to foster stability and sustainability. A loyalty bonus program for investors where they will receive 10% in the first year and 50% profit distribution in the second year. A €500k fund has been locked for initial secondary market support. Quarterly reports for trust and stability Setting the stage for broader adoption Beself Brands’ corporate equity tokenization does not only put Spain on the map as a hub for innovation, it sets the stage for broader adoption of tokenization in the traditional finance landscape across Europe. By providing a transparent, global, and seamless financial process, tokenized equity could be the next big thing as well as a viable alternative to capital and public listing. “ The success of this case could catalyze a wave of compliant token offerings across Europe. Beself Brands is not just testing a concept—they are proving a model .” Beself Brands is navigating uncharted territory, in the process amplifying the immense potential of Regulated DeFi (RegFi) and its capacity to bridge the gap between traditional finance and the digital landscape. BeToken is driving this movement, offering real-world ownership to investors as well as enabling a global investment opportunity that small and medium-scale businesses can adopt seamlessly for a global reach. The post Spain leads tokenized capital drive as Beself Brands digitises entire equity appeared first on Invezz

Source: Invezz