Malta, 13th May 2019: The Chiliz Blockchain Campus, Malta’s leading fintech hub, was today officially inaugurated by Prime Minister Joseph Muscat and Junior Minister for Financial Services, Digital Economy and Innovation Silvio Schembri.
The Campus is home to Chiliz, the company behind the world’s first fan influence platform for sports fans – Socios.com – that, in the coming months will launch Fan Tokens for world-famous football clubs such as Juventus, Paris Saint-Germain and West Ham United. The mobile app is powered by a digital currency of the same name, or $CHZ in its abbreviated form.
The 2,000 sqm Campus also houses world-leading crypto exchanges and service providers in a state-of-the-art office space which includes a fully equipped live-streaming studio. Acting as the European gateway for Asian blockchain organisations, the Campus also boasts a number of partnerships with leading blockchain accelerators and hubs across Europe and Asia, so that users can share facilities wherever they are in the world. The Campus is a collaborative space designed to help Malta’s blockchain community grow and to work together to achieve mainstream adoption.
Prime Minister Joseph Muscat said that Chiliz is a great example of how this ecosystem can be enriched through the generation of ideas that cut across more than one sector; ideas that form the main building blocks of these intangible form of investment and ideas that will attract new ideas, encourage new ones and be truly innovative. Prime Minister Muscat said that being pro-business means creating the right environment for business to foster, for business to risk and to create quality jobs. It is the only way that economic growth can be sustained and in turn, the government can address those segments that need support. “The fact that this government not only encourages innovation, ideas and investment in intangible assets but has been as the main facilitator in my view, one of its key characteristics and a prime reason why we are witnessing this economic and social growth on the island”, said Prime Minister Joseph Muscat.
Parliamentary Secretary for Financial Services, Digital Economy and Innovation Silvio Schembri said that Chiliz Blockchain Campus is tangible proof of our Blockchain policy and the materialization of our vision of making Malta ‘The Blockchain Island’. Silvio Schembri remarked that in a span of a year Chiliz managed to grow from 12 team member to 50 and spans 20 nationalities with a view to expanding further by the end of 2019.
“We want to offer a complete holistic ecosystem which rewards operators who choose our country as their base, making Malta a natural choice for companies to reside here. For this to happen, all stakeholders must continue pulling the same rope. I am aware of the agony that certain companies are experiencing when it comes to opening bank accounts. I appeal to banking institutions not to turn their shoulder on this new emergent sector and encourage them to step up their game, adapt and adapt to this ever-changing scenario. As a government we’re making sure to lay solid foundations to provide peace of mind and legal certainty whilst asserting market stability, integrity and consumer protection”, said Silvio Schembri whilst remarking that currently, the MFSA is processing a number of new banking applications which are going to deal with this area of business.
Alexandre Dreyfus, CEO of Chiliz and Socios.com, said: “Malta had provided a solid foundation for the blockchain industry by being one of the first countries globally to provide legislation for this emerging technology. Not only has this enabled us to attract some of the largest crypto companies in the world, including large crypto exchanges, but it has allowed Chiliz to flourish and get prepared to launch our product, Socios.com to a worldwide audieFor Further Information:
Chiliz Blockchain Campus
Waylon Johnston Corporate Communications Manager
Mob +9924 2222
For more information please visit www.chiliz.com / https://www.chiliz.com/blockchaincampus/
Notes to Editor
Chiliz is a digital currency for sports and entertainment platforms. It fuels the world’s first scalable, tokenized voting platform, Socios.com where fans can buy, trade and execute voting rights in their favorite sports teams. The Chiliz project has raised $66 million from some of the world’s largest cryptocurrency exchanges and leading crypto funds in Asia, including Binance, OK Blockchain Capital and Ceyuan Ventures. Chiliz is owned by Malta-based Mediarex Group, a global sports and entertainment organisation, which was founded in 2000, Chiliz is also certified by CertiK, a formal verification framework to mathematically prove that smart contracts and blockchain ecosystems are bug-free and hacker-resistant. Earlier this year, Chiliz obtained 2 licenses for Socios Entertainment OÜ, the corporate entity that will operate the tokenized voting platform. This will allow Socios.com to offer fiat and cryptocurrency exchange services on the Socios.com app, meaning fans can buy Chiliz ($CHZ) direct, without the need for a third-party exchange. The $CHZ supply will still come from approved and partnered crypto exchanges.
About the Chiliz Blockchain Campus
The 2,000 sqm Chiliz Blockchain Campus is a fintech epicenter in Malta. The Campus houses world-leading crypto exchanges, media groups, and service providers and offers a turnkey solution to blockchain companies and aims to become the European gateway for Asian organisations.