Arvind_Thakur

According to Odaily, Spain's securities regulator, the CNMV, has granted the country's first tokenization license, marking a significant step towards the tokenization of real-world assets (RWA). This development opens new opportunities for Spanish companies interested in entering this innovative field. Ursus-3 Capital, in collaboration with Onyze, has become the first consortium authorized to offer tokenization services to businesses in Spain.

Juan Jurado, the General Manager of Ursus-3 Capital, emphasized the potential of RWA tokenization, stating, "We firmly believe that tokenization of real-world assets unlocks limitless possibilities for entrepreneurs. Ensuring legal security for investors is of utmost importance." This approval allows third parties to engage with their tokenization services, signaling a new era for asset management and investment in Spain.

The move by the CNMV is seen as a pivotal moment for the Spanish financial sector, as it embraces the digital transformation of assets. By enabling the tokenization of real-world assets, Spain is positioning itself at the forefront of financial innovation, providing a secure and regulated environment for investors and businesses alike. This initiative is expected to attract more companies to explore the benefits of blockchain technology and tokenization, potentially leading to increased investment and economic growth in the region.