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Spain Launches First Regulated Security Token Offering with BeToken on Polygon
Spain has made history by launching its first regulated security token offering (STO) through BeToken on the Polygon network. This groundbreaking development places the country among the pioneers in Europe for real-world asset tokenization under a fully operational and compliant framework.
The BeToken, representing legal equity in Beself Brands with full shareholder rights, is now available for public sale. With a minimum investment amount of €100, this opportunity is accessible to more participants than ever before.
The funds raised will be utilized by Beself Brands to expand its operations into new markets, upgrade technology, and finance marketing efforts, along with financial restructuring. The company has already established itself in ten European countries and primarily sells through e-commerce platforms like Amazon.
This innovative model enables Beself to unite its investor and customer bases within a unified business ecosystem. Quarterly financial reports and external audits will ensure transparency throughout the process.
Once regulated platforms in Spain become available, BeToken will be eligible for secondary trading.
The launch is a testament to Polygon’s decentralized and scalable infrastructure, which has been praised for its ability to support institutional-grade security features. The inclusion of Know Your Customer (KYC) and Anti-Money Laundering (AML) protocols within each transaction ensures the highest level of compliance.
Source: cryptotale.org
