HomeBlockchainSBI Digital Assets and Socios fan token blockchain Chiliz form joint venture

SBI Digital Assets and Socios fan token blockchain Chiliz form joint venture

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SBI DAH Announces Japanese Joint Venture with Chiliz for Football Club Fan Tokens in Japan

SBI Digital Asset Holdings (SBI DAH) has made a major announcement today, revealing a new joint venture with Chiliz to bring football club fan tokens to Japan. These tokens, known under the Socios fan engagement brand, include popular soccer clubs such as Arsenal, AC Milan, Manchester City, FC Barcelona, Inter Milan, and Paris Saint-Germain. With over 2 million users already engaging with the Socios fan tokens, this partnership is set to revolutionize fan engagement in Japan.

While other companies like Sorare and Dapper Labs focus on sports NFTs, fan tokens offer a unique and fungible experience for fans. These tokens provide opportunities for voting, competitions, VIP experiences, merchandise, and exclusive offers, creating a new level of engagement between fans and their favorite clubs. In Japan, where private investors are known to engage more actively with companies, fan tokens offer a similar experience to owning stocks, with added perks like discount coupons and gift cards.

Fernando Luis Vázquez Cao, CEO of SBI DAH, emphasized the importance of technology in bringing new experiences to the Japanese audience through partnerships with innovative companies like Chiliz. The collaboration between SBI DAH and Chiliz aims to leverage fintech innovations to transform the sports and entertainment experiences for communities in Japan.

The Chiliz blockchain, which recently migrated to a Proof of Staked Authority version, is attracting node operators like Paris Saint Germain, further enhancing the platform’s capabilities. SBI DAH’s blockchain interests extend beyond this partnership, with investments in companies like Sygnum, Blockdaemon, and the Tangem wallet, showcasing their commitment to the blockchain space.

Overall, the joint venture between SBI DAH and Chiliz is set to bring a new level of fan engagement to Japan, combining traditional finance with Web3 technology to create a unique and immersive experience for sports fans in the country.

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