Spain has introduced its first euro-denominated tokenized investment fund, known as BeToken, marking a significant milestone in the country’s digital finance journey. The initiative is being promoted as a landmark development in the broader European Union, combining blockchain technology with traditional financial structures. Developed by Beself Brands, the fund is built on Polygon’s Proof-of-Stake (PoS) blockchain and operates within the regulatory framework established by Spain’s financial markets authority, the Comisión Nacional del Mercado de Valores (CNMV).
Blockchain Meets Regulation
BeToken tokenizes shares in a digital-first company operating in the wellness and lifestyle sector, granting investors both financial and governance rights. These rights include dividend eligibility and voting privileges, all under a legally enforceable structure. The fund adheres to a security token offering (STO) model that aligns closely with Spain’s compliance standards, reflecting a growing trend in Europe toward regulated blockchain-based investment vehicles.
To enhance operational transparency and security, the project employs the ERC-3643 token standard, which enables automated Know Your Customer (KYC) and Anti-Money Laundering (AML) procedures directly on the blockchain. This automation not only streamlines regulatory checks but also reinforces investor confidence by integrating compliance mechanisms into the very fabric of the investment process.
Polygon’s Scalable Infrastructure at the Core
By utilizing Polygon’s fast, low-cost blockchain infrastructure, the initiative addresses common bottlenecks associated with asset tokenization, particularly settlement delays and scalability limitations. Polygon’s recent technical advancements, such as the Bhilai hardfork and the Heimdall v2 upgrade, have enhanced its capability to support large-scale financial applications. In the first half of 2025 alone, Polygon reportedly processed over $1 billion in payment transactions, underscoring its readiness for institutional use.
Polygon’s executive leadership characterized the BeToken launch as a defining moment for the tokenization of equity, arguing that such developments signal the maturity of blockchain as a platform for regulated financial instruments. The platform’s ability to support millions of transactions daily and its institutional-grade functionality were cited as key enablers of this transition.
🇪🇺 Europe’s capital markets are moving onchain with RWA tokenization on @0xPolygon.
– Spain’s first regulated security token offering (STO) via @Betoken_io
– €100M blockchain bond in Germany led by @DeutscheBank, @DekaBank and @dzbank
Read more👇https://t.co/dqStGz5pZz
— Token Relations 📊 (@Token_Relations) July 25, 2025
A Model for Future Asset Tokenization
Industry analysts believe BeToken could serve as a catalyst for the broader tokenization of real-world assets such as private equity and real estate. Spain’s regulatory approach—which seeks to balance innovation with investor safeguards—is being viewed as a blueprint for other jurisdictions considering similar paths. The fund’s emphasis on compliance is expected to reduce institutional hesitation, especially among entities wary of regulatory uncertainty in the crypto sector.
Commentary from Polygon’s leadership pointed to the collaboration as a defining moment for tokenized finance in Europe. The project was described as both scalable and compliant, with the Polygon platform enabling efficient operations while ensuring regulatory alignment. Observers highlighted that such public-private initiatives show how governments and technology providers can work together to unlock new financial markets without compromising legal or ethical integrity.
Setting a Precedent for the EU and Beyond
The launch of BeToken reflects a larger trend toward blockchain integration in institutional finance, driven by the demand for greater transparency, operational efficiency, and access to diversified investment products. As Spain’s CNMV continues to refine its regulatory framework, the initiative is expected to set a precedent for how tokenized financial instruments can operate in harmony with traditional markets. This development may ultimately reshape the asset management landscape across the European Union and beyond.