Blockchain sports platform Chiliz has secured approval in the EU market for the Crypto-Assets (MICA) framework, enabling regulated crypto services across all 27 member countries.
Licenses granted to the supplemental Socios Europe Services allow the custody, exchange, issuance and transfer of digital assets. The move aims to use the fan token ecosystem to increase investor protection and transparency for European fans.
Chiliz secures its first MICA license with Sportfi
Sponsored Sponsors
Chiliz said its Malta-based subsidiary Socios Europe Services Limited (SES) has received regulatory approval from the Malta Financial Services Authority under the EU’s MICA regime. This approval allows Chiliz to provide regulated crypto assets services across the European Union.
MICA licenses cover four activities: custody and management of digital assets, exchanges between crypto assets and FIAT currency, issuance and placement of tokens, and transfer of crypto assets to customers. Starting October 1st, Crypto Services on the Socios.com platform will shift to SES. Users have access to standardized complaints procedures and updated legal documents through a dedicated legal hub.
The license provides access to potential markets for over 400 million people across Europe. SES operates under comprehensive surveillance, a requirement for businesses providing digital asset services under MICA.
Chiliz also published a mica-compliant white paper for native CHZ tokens. European Securities and Market Authority Guidelines. Additional white papers for individual fan tokens are registered with the Malta Financial Services Agency. These documents detail the structure and risks of each token, and are clarified by investors and partners.
The cryptocurrency regulation market is part of the EU’s efforts to create a unified standard for digital assets. Companies operating in member countries must comply with MICA to provide custody, transaction or issuance services.
CHZ wins 3.8%
Over the past 24 hours, CHZ has steadily climbed from $0.0406 to $0.0420, earning a 3.8% gain every day. The tokens were temporarily soaked early in the session, but quickly recovered and maintained an upward momentum throughout Asian and European trading hours.
During the same period, trading volumes fell by more than 30%, suggesting that price increases were driven more by consistent purchasing pressure than speculative surges.
