Last year, the Bit2Me STX project received the tokenization of corporate bonds totaling €145,000 from the Spanish company Activos y Valores Digitales (Valorix). According to information disclosed by the company itself, the experiment included all relevant stages, from issuance in the primary and secondary markets, to maturity, settlement, and distribution of bond principal and coupon. Based on these tests, the Bit2Me subsidiary continued to progress towards obtaining the main authorization to operate in the regulated financial sector under decentralized technology.
European Press media reported that the National Securities Market Commission (CNMV) gave the go-ahead for Bit2Me STX’s transition into a securities agency, noting that this milestone is a fundamental requirement for launching a blockchain-based financial market infrastructure within the European Union. This certification as an investment services company in the form of a securities agency will be the first of several certifications required to enable the subsidiary to develop its own trading and settlement system (SNL). This step will lay the foundation for building a fully native blockchain stock exchange, primarily targeting European technology, growth and renewable energy companies, following the DLT (Distributed Ledger Technology) pilot scheme established by the European Union.
As detailed by Europa Press, if granted, Bit2Me STX will be able to take charge of the future management and oversight of SNL, as well as act as Registration and Registration Responsible Entity (ERIR). Additionally, the company will have the authority to store and sell tokenized securities upon the request of third parties. This organizational permission will enable the subsidiary to undertake critical operations related to the issuance-to-settlement lifecycle of tokenized financial instruments.
According to a statement from Europa Press, the company emphasizes that the purpose of the platform is to facilitate the issuance, storage, negotiation and settlement of security tokens. The term refers to traditional financial instruments such as stocks and corporate bonds, but unlike traditional systems, they are issued, traded, and settled natively through decentralized technology or distributed ledger systems (DLT).
By obtaining stock agency status, Bit2Me STX moves closer to launching its blockchain-based infrastructure under European regulations. Europa Press reported that the company’s next step is to obtain special permission to operate as a blockchain negotiation and payment system. This authorization is essential to formalize the operation of digitally native exchanges oriented towards the technology sector and sustainable initiatives.
The CNMV’s support follows successful tests conducted in the agency’s regulatory “sandbox”, where Bit2Me STX was able to demonstrate the viability of its platform and its ability to cover all stages of the lifecycle of corporate bonds that are issued, marketed and settled in digital format. During this pilot, the company managed issuance, distribution transactions, maturities, settlements, principal and coupon payments, and validated its operating model based on decentralized technology. This experience has allowed the company to adjust its procedures and systems for integration into the regulated European financial system.
The regulatory framework for DLT, implied in the announced authorization and highlighted by Europa Press, establishes the European Union’s experimental guidelines for infrastructures based on distributed registry technology. The scheme aims to allow the operation and experimentation of innovative models in the financial sector, focusing on the development of digital solutions such as the tokenization of securities and subsequent negotiation and storage through blockchain.
Bit2Me STX’s transition to a securities agency represents an advancement in the regulatory process necessary to operate as a reference entity in digital markets. According to a Europa Press announcement, the company highlighted that the obtained authorization allows it to assume responsibility for the registration and registration of securities, an important step to ensure transparency and traceability of tokenized financial assets within the platform.
The milestone achieved by Bit2Me STX is part of a broader trend in Europe where various players in the financial sector are exploring the opportunities and challenges posed by the integration of decentralized technologies in the trading and settlement of financial instruments. The blockchain-based market initiative 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 noted by Europa Press, the authorization granted by the CNMV constitutes one of the first steps in the process of implementing a digital securities market in the region, pending the validation of new licenses and regulations necessary for the implementation of a specialized trading and payment system fully integrated into the region’s legal framework.
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