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Jump Trading, a company dedicated to high speed trading and market Making Services has made an undisclosed equity stake in blockchain-based fan token issuer Chiliz.
The two companies announced on Wednesday that they have signed a partnership agreement to help Chiliz scale its business and the worldwide expansion of the fan token ecosystem.
« Securing the support of a global trading company of this size is a great achievement and provides a massive platform on which we can continue our mission to become a fan token to expand the digital asset class for sports and entertainment worth billions of dollars, « said Alexandre, CEO of Chiliz Dreyfus, said in a statement.
Although Bitcoin is often on the ramp t is mainstream, many blockchain projects with their services in a certain niche are growing exponentially. Founded in 2018, Chiliz brought blockchain technology to the world of sports.
The Malta-based company issues fan tokens for sports clubs and teams, granting loyal fans exclusive access. The company has already signed contracts with 24 sports, including giants like FC Barcelona, Paris Saint-Germain, AC Milan, Juventus and Manchester City.
The company now has further plans to expand to other continents and already announced a $ 50 million expansion plan for the US to target the country’s top five sports leagues.
« We have made great strides lately, but this is very early for us to fully develop the new asset class we have created. With many more leading partners ready to join our ecosystem, major marketing campaigns to be rolled out soon, and increased liquidity, we can consolidate our position as the leading crypto sports and entertainment company and one of the most established blockchain companies firm in the world, « added Dreyfus.
» Jump Trading, which invests in the sports crypto space, is recognition for us and the industry that this market is just beginning. «
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