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Real-world assets (RWAs) just crossed from pilot phase to production: Beself Brands’ BeToken is now the first fully regulated security token offering (STO) in Spain - and one of the earliest in the EU - to issue actual equity entirely on-chain via Polygon (MATIC).
Regulatory green-light: Spain’s CNMV signed off on the prospectus, meaning each BeToken legally represents a share with voting rights, dividend entitlement and meeting participation. No SPV wrappers or synthetic claims - this is straight-up corporate stock, just tokenised.
Tech stack:
Trader edge:
Why Polygon?
Gas under $0.01, EVM familiarity, and a growing RWA roster (Hamilton Lane fund shares, Stripe USDC payouts, JPM deposit tokens test-bed) make it the default liquidity venue for tokenised securities. Upgrades toward AggLayer will let BeToken hop to zk-validium roll-ups without migration.
Macro context: MiCA’s pilot regime is live; Germany’s eWpG already recognises blockchain registries. Expect a wave of mid-cap EU firms to replicate Beself’s playbook - issue equity direct to wallets, plug into DEX liquidity, and eliminate T+2 settlement drag.
Next catalysts:
Bottom line: BeToken proves that compliant, dividend-bearing equities can exist as ERC tokens. For traders, it unlocks a new asset class with DeFi composability and sets the stage for orderflow to shift from legacy registrar books to blockchains.
Also See: One-Hop BTC: OFT WBTC Arrives on Aptos
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