Socios.com, Securitize plan tokenized equity stakes in pro sports teams

Socios.com, the sports token platform under Chiliz (CHZ), said it plans to work with tokenization platform Securitize on a project to tokenize equity stakes in professional sports teams. The two companies plan to work with teams, existing owners and institutional investors to issue minority stakes in pro sports clubs as "Socios Equity Token" products. Socios.com will handle club partnerships and fan-facing services, while Securitize will oversee tokenized securities issuance, investor onboarding, ownership management and trading restrictions.