KEY TAKEAWAYS
- Europe marks a milestone with the first onchain equity issuance and trading of an EU-registered company.
- BeToken, representing shares in Beself Brands, operates on Polygon’s blockchain, ensuring compliance and efficiency.
- Spain’s first regulated Security Token Offering (STO) is fully recognized under current law, offering governance rights to token holders.
- Polygon’s infrastructure supports the growing trend of tokenized finance, enhancing capital efficiency and transaction speed.
Europe has reached a significant milestone in the evolution of capital markets. Equity in an EU-registered operating company is now being issued and traded entirely onchain.
BeToken represents legally recognized shares in Beself Brands, a Spanish digital-native company known for its wellness and lifestyle brands. The entire process of equity issuance, compliance, and settlement is seamlessly powered by Polygon’s fast, low-cost blockchain infrastructure.
This development is not a testnet pilot or a regulatory sandbox; it is live today. The announcement was made here.
Spain’s First Regulated Security Token Offering
BeToken is the first Security Token Offering (STO) in Spain to be officially recognized under current law, fully operational under the oversight of Spain’s Comisión Nacional del Mercado de Valores (CNMV). The token represents real shares, providing economic and governance rights to token holders, including dividends and voting power, subject to BeToken’s shareholder rules.
BeTokens are issued over the Polygon chain using the ERC-3643 real-world asset tokenization standard, which integrates compliance checks like KYC and AML directly into each transaction.
Polygon’s Role in Tokenized Finance
BeToken’s launch signals a larger shift in capital efficiency, powered by Polygon. Enterprises are increasingly choosing Polygon to bring regulated real-world assets (RWAs) onchain. Known for its reliability, low cost, and speed, Polygon enables payments to move at the pace of everyday life and helps RWAs settle like stocks.
With millions of daily transactions and a growing ecosystem of institutional launches, Polygon has emerged as a leading chain for RWAs and payments. In the first half of 2025 alone, over $1 billion in payment volume moved across Polygon. The network supports everything from stablecoin payments and shopping to tokenized securities and institutional onchain finance.
Recent upgrades to the mainchain, including the Bhilai hardfork, have pushed network throughput beyond 1000 transactions per second (TPS) and introduced support for EIP-7702 smart accounts. These enhancements deliver the performance, reliability, and cost-efficiency that capital markets demand.
Why This Matters: Impact, Industry Trends & Expert Insights
The launch of BeToken as Spain’s first fully regulated onchain security token offering marks a significant evolution in the European capital markets, integrating traditional financial instruments with blockchain technology.
Recent industry reports indicate that the security token offerings (STOs) industry is experiencing significant growth driven by regulatory clarity, institutional adoption, and practical real-world applications. This aligns with BeToken’s launch, which exemplifies the transition of STOs from a buzzword to a foundational element in digital capital markets, enhancing accessibility and efficiency.
Insights from Chambers suggest that despite strict regulations, there are growing opportunities for regulated on-chain financial products. This supports the significance of BeToken’s launch as it reflects a cautious but expanding market where on-chain finance integrates more closely with traditional financial systems.
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