Tokenization platform and digital assets exchange Sports D³ reports that it has been granted an operating crypto-license by the Financial Intelligence Unit (FIU) of Estonia.
Sports D³ seeks to offer an alternative path for professional sports teams to raise capital via digital securities sold to retail investors. The platform is blockchain-based and is said to enable a club to “digitize, securitize and sell their assets to fan-investors in the form of a Security Token Offering (STO).
Sports D³ says it is now a fully regulated digital assets exchange, with the capability to deliver its solutions to sports clubs and their fans in 27 European jurisdictions. The company says it intends on expanding into other continents.
Gene Swinton, founder & CEO of ‘Sports D³’ commented:
“There are over 400 million football fans in Europe, who are not only among the most devoted fans in the world but who also happen to score higher in their ability to invest. We are delighted to be granted this license, as it will provide fan-investors with a simple, low-cost, fiat-to-crypto ON-ramp and enable their investment activities on the SD³ platform”.
Swinton said they will start with European Football but their goal is the global sports industry. www. SportsD3.com
Sports D³ is the trade name used by D-Cubed Ventures OU. The company has scheduled mid-2021 as its official launch date.