The registration of Beself Brands’ digital asset BeToken with Spain's National Securities Market Commision (CNMV), and Ursus Capital acting as ERIR (Entity Responsible for Registration and Record-keeping), marks a new Token City milestone in the tokenization ecosystem in Spain. This is the first tokenization of common shares of a corporation—a significant step toward large-scale adoption of blockchain technology in the financial sector.
The Beself Brands issuance is blockchain-native, meaning that the share exists solely as a token and grants exactly the same rights as a traditional share. Native issuance is the best model for representing tokenized assets and is applied in the most advanced jurisdictions, among which Spain is now included after the recent reform of its Securities Market Law.
To make it possible, Token City provides Beself with the technological platform that integrates smart contracts, wallets, blockchain connectivity, management dashboards, and other critical technology components, along with a network of specialized experts and providers needed to meet regulatory requirements.
This operation adds to other Token City milestones that have played a crucial role in the evolution of the tokenization sector in Spain, such as technological support to Ursus-3 Capital for the first ERIR in Spain and the tokenization of the first fully regulated bond issued by Dianelum.
The New Financial Paradigm for SMEs
An increasing number of SMEs are turning to tokenization to diversify their sources of financing. Seventy-five percent of European SMEs rely almost exclusively on banks; and according to the European Commission, SMEs represent 99% of EU companies, generate two-thirds of employment, and nearly 60% of added value.
Tokenization opens up a new paradigm:
- Raising capital on their own terms by issuing tokenized equity or debt with full legal validity.
- Global access to retail and institutional investors.
- Standardized identification with ISIN (International Securities Identification Number).
- Access to secondary trading on regulated DLT market infrastructures.
Ready to make it happen? Contact us at: sales@token-city.com
Enter the new tokenized economy
Token City is the ultimate bridge to the tokenized economy (tEconomy), in which tokenized companies (tEnterprises) create their cryptoasset markets (tMarkets), open to global investors (tCitizens).
Account successfully verified!
