Socios Europe Services Limited (SES), a subsidiary of Chiliz Group, has been granted authorization as a Crypto-Asset Service Provider by the Malta Financial Services Authority (MFSA). This landmark approval makes Socios Europe the first MiCA-authorised entity within the blockchain and sports sector, covering all 27 European Union member states under the Markets in Crypto-Assets regulation framework.
The MiCA license specifically covers custody and administration of crypto-assets as well as exchange of crypto-assets for funds. Chiliz operates a regulated platform for purchasing and trading official Fan Tokens on Socios.com and has published a MiCA-compliant white paper for its native CHZ token. Other affiliated services remain outside MiCA's regulatory scope.
Alex Dreyfus, CEO and founder of Chiliz, stated: "Together with our MiCA-compliant CHZ whitepaper, it delivers greater transparency and confidence to all ecosystem participants. These regulatory milestones deliver the foundations for the next phase of SportFi growth, as further transparency and regulations help to create an ecosystem that can tokenise real-world assets from the sports sector."
The authorization enables Socios.com to offer cryptocurrency services across the entire EU without needing separate country-specific approvals, significantly enhancing operational efficiency and market reach. The MiCA framework is designed to protect consumers, ensure market integrity, and provide regulatory clarity that could attract traditional investors and businesses to the crypto space.
