Spain financial industry takes a major step with Ursus-3 Capital’s ERIR approval, enabling regulated tokenization of real-world assets.
Ursus-3 Capital has made history by becoming the first Entity Responsible for Registration and Registry (ERIR) in Spain, certified by the CNMV, the Spanish securities watchdog. This milestone opens a new chapter for the country’s financial industry and sets a standard for the tokenization of real-world assets (RWA). This move enables the Spanish companies to issue tokens based on assets. Moreover, it conducts the DLT operations under the regulated environment.
Ursus-3 Capital partnered with Onyze in order to make this possible. Juan Jurado, General Manager of Ursus-3 Capital expressed his pride for the achievement made. He pointed out that tokenization of real assets is good news for business people and is essential for investors. The new ERIR status makes it possible for Ursus-3 Capital to help others register and oversee tokenized securities.
The collaboration began in February to meet the expanding demands for tokenized securities. Today, with the permission, Ursus-3 Capital and Onyze have the opportunity to provide Spain with a safe, unique, and legal service for tokenized assets. Onyze’s Capital Markets platform will offer the technological solution for the management and confirmation of operations with tokenized securities for the CNMV.
Spain Embraces Blockchain with Asset Tokenization Approval
The above development was noted by Ángel Luis Quesada Nieto, the CEO and Co-founder of Onyze. He thanked the new Securities Markets and Investment Services law, the entry of blockchain for the management of tokenized real assets is already a fact. Onyze is a reputable company in the industry to offer the needed partnership with Ursus-3 Capital to meet the market needs.
This approval is a turning point for Spain’s financial system. The tokenization of assets will provide companies with more opportunities to attract financing and regulate securities. This creates a new opportunity in real estate, arts and private equity. It is safer and easier to invest in the market through this method as compared to the usual methods.
Token City, which is famous for the dense development of IT technologies, also contributed to this. Yael H. Oaknin, CEO, stated that they take pride in their part. He said that their technology could help support the change to a tokenized economy.
The new service is now offered through Ursus-3 Capital and Onyze for customers. Those interested in tokenizing their assets can find more information and get in touch via the link. This milestone points to a promising future for Spain’s financial sector. In addition, this will promote innovation and investment in blockchain technology.
