The Maltese Financial Services Authority (MFSA) has authorized Socios Europe Services (SES) as a Crypto Asset Service Provider. This makes the company behind the Chiliz blockchain the first SportFi provider with a MiCA license in the European Union. This was announced in a press release available to BTC-ECHO.

Sports fans across Europe can now buy and trade fan tokens in a regulated and secure manner via Socios.com. This is being celebrated as a milestone for the connection between blockchain and sports.

At the same time, Chiliz published a MiCA-compliant white paper for the Chiliz token (CHZ), creating new legal clarity for investors and partners. Starting October 1, 2025, Socios.com will be fully operated by SES and will be supplemented by a new legal framework and a complaints management system.

CEO Alex Dreyfus sees the license as a turning point: With MiCA regulation and transparency, the path is clear for tokenizing real-world assets from the sports sector in the future.

Chiliz currently has a market capitalization of approximately $417 million. The token has fallen by 95 percent since its all-time high in March 2021 and is currently worth around $0.04.

SportFi represents the connection between sports and decentralized finance (DeFi) applications. It focuses on fan tokens and other digital assets that clubs, leagues, or sports organizations bring to the blockchain. This provides fans with new opportunities for participation, involvement, and investment, while clubs tap into additional revenue streams.