Last year, the Bit2Me STX project underwent the tokenization of corporate bonds from the Spanish company Activos y Valores Digitales (Valorix), for a total amount of €145,000. This pilot program included all relevant stages: from issuance in the primary and secondary markets, to maturity, settlement and distribution of both the bond principal and its coupons, according to information revealed by the company itself. Based on these tests, its subsidiary Bit2Me has continued to advance towards obtaining major licenses to operate in the regulated financial space under decentralized technologies.
European media reported that the National Securities Market Commission (CNMV) has given the green light to transform Bit2Me STX into a securities agency, citing this milestone as a basic requirement for launching a blockchain-based financial markets infrastructure within the EU. This accreditation as an investment services company, in the form of a securities agency, constitutes the first of several necessary licenses that will allow the subsidiary to develop its own trading and settlement system (SNL). This move lays the foundations for the creation of a fully native blockchain exchange, mainly geared towards technology, growth and renewable energy companies in Europe, in accordance with the DLT (Distributed Ledger Technology) pilot system established by the European Union.
As detailed by Europe Press, with the acquisition of the licence, Bit2Me STX will be able to assume responsibility for the management and oversight of future SNL, as well as playing the role of the Entity Responsible for Registration and Registration (ERIR). In addition, the company will have the ability to hold and market tokenized securities upon request by third parties. This regulatory permission will allow the subsidiary to undertake core tasks associated with the life cycle of tokenized financial instruments, from issuance to settlement.
According to what was published by Europe Press, the company confirms that the goal of the platform will be to facilitate the issuance, preservation, negotiation and settlement of security tokens. This term refers to traditional financial instruments such as stocks or corporate bonds, but, unlike the traditional system, they are issued, traded and settled locally through decentralized technologies or distributed ledger (DLT) systems.
Obtaining securities agency status brings Bit2Me STX closer to launching a blockchain-based infrastructure under European regulations. Europa Press reported that the company’s next stage is to obtain specific permission to operate as a blockchain negotiation and settlement system. This license will be necessary to formalize the operation of an indigenous digital exchange geared towards technological sectors and sustainable initiatives.
CNMV’s support comes after successful tests conducted in the institution’s regulatory “sandbox”, where Bit2Me STX was able to demonstrate the viability of its platform, as well as the ability to cover all stages of the life cycle of corporate bonds issued, marketed and settled in a digital format. During this pilot program, the company managed issuance, secondary trading, maturity, settlement, principal and coupon payments, thus validating the operating model based on decentralized technologies. This experience has allowed the company to modify the procedures and systems necessary for its integration into the regulated European financial system.
The DLT Regulatory Framework, referenced by the Declared License and highlighted by Europa Press, sets pilot guidelines in the EU for infrastructures based on distributed ledger technologies. This system seeks to allow the operation and experimentation of innovative models in the financial sector, focusing on the development of digital solutions such as tokenization, negotiation and subsequent custody of securities through blockchain.
The transformation of Bit2Me STX into a securities agency represents progress within the regulatory process required to act as a reference entity in digital markets. According to what was published by Europa Press, the company confirms that the license obtained will allow it to assume responsibility for registering and registering securities, which is a key step to ensure transparency and traceability of tokenized financial assets within its platform.
Bit2Me STX’s achievement is part of a broader trend in Europe, where several players in the financial sector are exploring the opportunities and challenges posed by integrating decentralized technologies into the trading and settlement of financial instruments. The commitment to a blockchain-based market aims to increase efficiency, reduce intermediation costs and make it easier for European technology and sustainable companies to access new sources of finance and investment.
As Europe Press points out, the license granted by the CNMV constitutes one of the first steps in the process of implementing a digital stock market in the region, pending the new licenses and regulatory verifications necessary to implement the specialized trading and settlement system, fully integrated into the legal framework of the community.
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