Spain approves the first tokenization license, paving the way for the tokenization of real-world assets
According to Odaily, the National Securities Market Commission (CNMV) has granted the country's first tokenization license, marking a significant step towards the tokenization of real-world assets (RWA). This advancement opens new opportunities for Spanish companies interested in entering this innovative field. Ursus-3 Capital, in collaboration with Onyze, has become the first authorized consortium to offer tokenization services to companies in Spain.
Juan Jurado, general director of Ursus-3 Capital, highlighted the potential of RWA tokenization and stated: "We firmly believe that the tokenization of real-world assets opens up limitless possibilities for entrepreneurs. Ensuring the legal security of investors is of utmost importance." This approval allows third parties to contract their tokenization services, marking a new era for asset management and investment in Spain.
The CNMV's move is considered a crucial moment for the Spanish financial sector as it embraces the digital transformation of assets. By allowing the tokenization of real-world assets, Spain is positioning itself at the forefront of financial innovation, providing a secure and regulated environment for investors and companies alike. This initiative is expected to attract more companies to explore the benefits of blockchain technology and tokenization, which could lead to increased investment and economic growth in the region.
