Socios.com obtains regulatory approval in Italy

Updated: 18 August 2022

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Prominent fan token provider, Socios.com has obtained a regulatory license in Italy. The firm announced this development via a blog post on its official platform today. As revealed, the approval will aid Socios.com in providing digital assets and wallets for fan engagement and incentives outlets within the country.

The license will initiate the development and enhancement mission of Socios.com within the domestic sphere of Italian football. The license will unleash the innovation to help establish Socios.com as a blockchain-oriented fans platform. Meanwhile, the organization regarded the domestic football league of Italy as a strategic marketplace for Socios.com to strive. Within the league, the organization has collaborated with numerous football clubs like AC Milan, Inter Milan, Napoli, Juventus, and Roma.

The organization expressed complete confidence that the license will help strengthen fans’ trust in the advancing market of blockchain-oriented fans engagement platforms. Also, it will support the forum to abide by regulatory rules and serve fans better. According to reports, Socios.com gained approval after meeting the required level determined by the Organismo Agenti e Mediatori (OAM). The OAM is one of Italy’s leading regulatory bodies for crypto and digital assets.

However, the CEO of Socios.com, Alexandre Dreyfus, reflected on the development. As revealed by the CEO, the license from the regulatory body is a vital support for the firm’s commitment to safeguarding users and enhancing the firm’s presence in the country. The CEO illustrated that Italy is a prominent market for the organization.

Dreyfus added that the firm is focused on building its presence in the market; it will continue to abide by the stipulations of regulators. The CEO added that working in that direction will earn the trust and commitment of customers within the region.

Socios.com is renowned among football clubs for offering fan engagement incentives. The platform works in a way that allows fans to contribute to certain decisions about the preferred club. This contribution is minimal as it only revolves around less prominent topics. Still, fans can’t contribute to issues like day-to-day management of the club or other vital matters.

There have been many instances where fans have been able to determine the kind of Music clubs that play in the stadium during match days. We’ve also witnessed how fans could vote on the type of food they wanted on the menu during matchday.

With the latest approval, the firm is likely to offer advanced services within the domestic league of Italy. Lastly, the Italian Seria A has kicked off with Ac Milan starting its title defense in winning ways. Inter Milan, As Roma, Lazio and Juventus are fierce contenders for this season’s top prize.

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