Hassan Maishera
The Chiliz team announced via a blog post on Wednesday that SBI Chiliz Co., Ltd., the joint venture between The Chiliz Group and SBI Holdings, has signed a Memorandum of Understanding (MOU) with Tokyo Verdy, Inc., one of Japan’s most storied professional football clubs, and a founding member of Japan’s professional football league.
Under the MOU, SBI Chiliz and Tokyo Verdy will collaborate to explore the feasibility of domestic fan tokenization in Japan. The partnership will focus on exploring educational content and fan-facing events to introduce potential Fan Token use cases – including fan voting, digital collectibles, and engagement rewards – while preparing the operational and compliance frameworks needed for regulatory-compliant Fan Tokens in the Japanese market.
The Chiliz ecosystem includes Socios.com, the world’s largest Web3 fan engagement platform, with partnerships spanning more than 70 sports organizations globally, including Arsenal, FC Barcelona, AC Milan, Manchester City, Inter Milan, and Paris Saint-Germain.
Chiliz is the native token of Chiliz Chain, the Layer-1 blockchain for Sports and Entertainment. It also powers the Socios.com Wallet, the leading fan engagement platform where fans can engage with their favorite sports and entertainment brands through Fan Tokens.
Within the Socios.com Wallet, fans can use their Fan Tokens to vote on governance polls, redeem rewards such as signed merchandise and VIP match tickets, and get access to unique physical and digital experiences. For sports clubs and associations, Fan Tokens offer a way of connecting with their fans and unlocking new revenue streams.
Chiliz has partnered with some of the world’s most iconic sports brands — including FC Barcelona, Manchester City, Juventus, and Paris Saint-Germain — and continues to expand into esports, gaming, and broader entertainment verticals.
Chiliz (CHZ) is a digital currency for sports, e-sports, and entertainment platforms and is adaptable across a wide range of industries. It aims to foster a blockchain ecosystem built for sports and entertainment.
Every sporting organization using the Chiliz technology has a limited supply of Fan Tokens that are offered at an initial FTO (Fan Token Offering). These tokens are offered on a first-come, first-served basis, with the opening price and fully diluted market cap disclosed by Chiliz beforehand. The native CHZ token is used to purchase Fan Tokens and acts as the platform’s internal currency. CHZ has added 14.8% of its value in the last 24 hours and is currently trading at $0.04234.
