The CNMV Promotes Tokenization in Spain with the Registration of BeToken.

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The tokenization of stocks in Spain has taken a significant step forward with the recent registration of BeToken in the National Securities Market Commission (CNMV) emissions registry. BeToken represents shares of Beself Brands, a Spanish company that positions itself as a pioneer in using blockchain for the registration of tokenized shares, thereby complying with current regulations.

With CNMV’s approval, Beself Brands enters a new phase within the Spanish financial ecosystem. Unlike cryptocurrencies or speculative assets, BeToken is a digital representation of real shares, providing its holders with the same rights as those who own traditional shares, such as voting rights and access to information and benefits.

The authorization of this asset marks a significant milestone by allowing anyone to invest directly in the company through the acquisition of tokens. This process is managed through a digital platform that ensures the identification, custody, and traceability of investors, always under CNMV supervision.

BeToken also presents itself as a solution that removes the technical and bureaucratic barriers associated with investing, enabling users to invest without relying on traditional financial institutions or facing complicated administrative procedures. This ease of access is expected to be one of the greatest benefits of this new system.

Beself Brands, known for its innovative approach to life and home, stands out for its growth and community engagement. With BeToken, the company aims not only to expand its investor base but also to build a supportive community around its brand. The company’s CEO, Mireia Calvet, commented that BeToken intends to turn its followers into partners, allowing them to actively participate in the company’s growth.

A key element that distinguishes BeToken from other projects is the regulatory backing it has received, providing institutional validation that ensures transparency and seriousness in an environment where unclear digital products abound. The registration in the emissions registry establishes a new standard in the tokenization of stocks in Spain, which could encourage other businesses to follow suit.

BeToken will be available to the public starting July 23 through its website, offering a limited number of tokens in the first phase. As secondary platforms are developed, liquidity for this asset is expected to increase, providing new opportunities for investors.

This advancement in the tokenization of stocks not only symbolizes an evolution in investment methods but also establishes a new paradigm in the relationship between companies and investors. With BeToken, Spain joins a select group of countries that allow the purchase of tokenized shares, thus consolidating its position in the future of corporate financing.

via: MiMub in Spanish

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