Spanish soccer team Atlético de Madrid — which plays in the top professional division of Spain’s soccer league, known as La Liga — is partnering with blockchain platform Socios.com to launch a fan token ecosystem. 

The news was revealed in a press release shared with Cointelegraph on Sept. 6.

Atlético’s fan token

As previously reported, Socios has described itself as a blockchain-powered, tokenized application of the “Socios” crowd-management concept of Real Madrid & FC Barcelona (“socios” means member or associate in Spanish).

The Socios tokenized voting platform and blockchain-based mobile app is operated by sports blockchain venture chiliZ, which has the backing of high profile crypto industry players that include crypto exchange Binance and OK Blockchain Capital.

Atlético de Madrid finished 4th in UEFA’s Club Coefficients rankings for the current season — beating the likes of Juventus (5th), Arsenal (9th), Chelsea (12th) and Ajax (20th).

According to today’s press release, Socios and Atlético de Madrid will launch a club-branded Official Fan Token via a so-dubbed Fan Token Offering (FTOs) in fall 2019 for the 19/20 season.

The token — priced at 2 euros…



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Author: Marie Huillet

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