Spanish Security Token Offering Activated by Polygon Per EU Regulations in Real Time
In a groundbreaking move, Spain has approved the first euro-denominated regulated Security Token Offering (STO) on the Polygon network. Known as BeToken, this STO is significant as it represents the first fully compliant on-chain issuance and trading of legally recognised equity under Spanish law and EU regulations [1][2][3].
Operated by Beself Brands, a Spain-based wellness firm, BeToken is a tokenized investment fund that offers token holders real economic rights such as dividends and governance rights, including voting power [1][2]. The use of Polygon’s blockchain infrastructure, renowned for its high speed, low transaction costs, and advanced scalability, enables seamless and compliant issuance, settlement, and trading of these security tokens [1][2][3].
Polygon’s implementation of the ERC-3643 token standard integrates real-time compliance features, such as KYC (Know Your Customer) and AML (Anti-Money Laundering) checks directly into on-chain transactions. This integration ensures regulatory adherence while maintaining transparency and security, facilitating trust from regulators and investors alike [1][2][3].
The launch of BeToken signifies a broader influence on real-world finance by demonstrating how traditional capital markets can be tokenized and run fully on blockchain networks within a strong regulatory framework. This serves as a precedent for wider adoption of tokenized real-world assets (RWAs) in Europe, as it proves the viability of on-chain equity issuance that complies with strict securities laws [1][3][4].
Polygon’s infrastructure, processing over $1 billion in transactions in early 2025 and continuously upgrading via technical improvements like the Bhilai hardfork and Heimdall v2, provides an efficient marketplace for such tokenized assets, bridging the gap between decentralized finance and traditional financial systems [1][3][4].
In addition to BeToken, projects like Stripe, Securitize, and Hamilton Lane have launched offerings on the Polygon network, indicating institutional-grade assets are appearing on public chains. Notably, Polygon Labs was not involved in the approval process for BeToken, showcasing true decentralized adoption in finance [1].
The launch of BeToken marks a major shift in European finance, as regulated capital markets are now starting to build directly on-chain. With $3.1 billion in stablecoins locked in the Polygon ecosystem, it has become a hub for on-chain financial services, further solidifying its position as a leading platform for tokenized real-world assets [1].
In conclusion, the approval of BeToken in Spain signifies a significant step forward in the integration of blockchain technology into traditional finance. By establishing legally compliant, on-chain equity issuance and trading, BeToken offers a practical, real-world use case for tokenized securities with actual economic and governance rights. Furthermore, it showcases Polygon as a capable, efficient platform for regulated digital finance and tokenized assets, acting as a catalyst for broader adoption of tokenized finance by proving compliance and operational success in a live environment [1][2][3][4].
[1] BeToken. (n.d.). Retrieved from https://betoken.io/ [2] Polygon. (n.d.). Retrieved from https://polygon.technology/ [3] Beself Brands. (n.d.). Retrieved from https://beselfbrands.com/ [4] ERC-3643. (n.d.). Retrieved from https://eips.ethereum.org/EIPS/eip-3643
Ethereum's Polygon network, chosen for its advanced technology and compliance capabilities, is facilitating the issuance and trading of security tokens for BeToken, a tokenized investment fund operating in Spain's finance sector. This move marks a significant step towards integrating blockchain technology into traditional finance, demonstrating the potential for investing in tokenized assets within a regulated framework.
