- Spain launched its first regulated security token offering via BeToken on Polygon.
- BeToken represents legal equity in Beself Brands with full shareholder rights.
- Polygon’s ERC-3643 standard enables compliant, on-chain issuance and settlement.
Spain has officially launched its first regulated on-chain Security Token Offering (STO) through BeToken. This move places the country among the first in Europe to enable real-world asset tokenization under a fully legal and operational framework.
Issued on the Polygon network, the token grants investors legally recognized equity in Beself Brands, a Spanish digital-native company operating across several European countries. The initiative aligns with Spanish and EU financial regulations and is approved by the Comisión Nacional del Mercado de Valores (CNMV).
In this live issuance, unlike pilot projects or testnet programs, shareholder rights, dividends, and voting power are integrated within a secure, on-chain infrastructure. The move represents a wider European capital market acceptance of real-world asset tokenization (RWA).
Tokenized Equity Launch On Polygon
BeToken uses the Polygon blockchain as its infrastructure due to its strong performance and compliance potential. The network allows fast, low-cost transactions with inbuilt compliance standards support. These include Know Your Customer (KYC) and Anti-Money Laundering (AML) protocols directly built into each transaction using the ERC-3643 token standard.
ERC-3643 allows features such as on-chain identity verification, conditional transfers, and token recovery. These tools help maintain legal compliance while offering institutional-grade security. Additionally, Polygon supports smart contracts to enable the automated distribution of dividends and transparent involvement in shareholder voting processes.
Polygon’s broader contribution to the financial industry continues to expand. The platform has processed over $1 billion in payment volume during the first half of 2025, supporting its position as a leading blockchain for regulated digital finance. There have been recent updates, including the Bhilai hardfork and Heimdall v2, which have enhanced transaction speed and stability on the network. Having supported more than 1,000 transactions per second and consistent uptime, Polygon is achieving an enterprise-grade solution for offering tokenized securities.
Related: Polygon to Launch Heimdall v2 Upgrade, Reduces Finality to 5 Seconds
Real Equity in Beself Brands
BeToken is a real equity share in Beself Brands, a business that specializes in eCommerce in the wellness, fitness, home, and DIY sectors. Each token represents a fractional ownership of the company’s capital and allows its holders to access dividends, general shareholder meetings, and certain governance rights.
Investors who hold more than 5% of all issued tokens will gain the right to vote on corporate governance issues, and all token owners will benefit from a non-dilution clause and the eligibility to receive dividends starting in the second year. The issuance provides 17,841,900 tokens, with 2,971,200 allocated for public sale. The entry is accessible to more participants, with a minimum investment amount set at €100.
Moreover, the funds raised will support Beself Brands’ expansion into new markets, technology upgrades, marketing, and financial restructuring. The company already operates in ten European countries and sells primarily through online marketplaces like Amazon. This tokenized equity model helps Beself integrate its investor and customer communities into a unified business ecosystem.
Quarterly financial disclosures and external audits will keep investors informed. Once regulated platforms in Spain become available, BeTokens will be listed for secondary trading.
The Pioneer for Regulated Onchain Capital Markets in Europe
The launch of BeToken points to the possibilities of blockchain technology to modernize traditional equity markets in Europe. It demonstrates a compliant framework in which investors can acquire and manage real company shares fully on-chain. The model offers instant settlement, transparency, and low operation costs.
In addition, the project indicates an increasing institutional interest in tokenized finance. The project benefits from a multi-stakeholder ecosystem with the support of partners including URSUS-3 Capital, ONYZE, and Token City. This is complete with Polygon’s decentralized, scalable infrastructure.
Sandeep Nailwal, the CEO of Polygon Foundation, has described the launch as a moment of “real-world blockchain adoption” through the BeToken. The project decided to use the network without coordinating with Polygon Labs first, which reflects both the platform’s maturity and accessibility.
