Socios.com in blockchain first with PSG

11 Sep 2018

By: Sport Industry Group

Blockchain-based fan engagement and monetisation platform Socios.com has signed a multi-year strategic partnership with Paris Saint-Germain (PSG).

The agreement will see Socios.com become the “Official Branded Cryptocurrency Partner” of the Ligue 1 champions, marking the first long-term partnership of its kind.

As the first club to sign up to the Socios.com fan engagement and monetisation platform, PSG plans to leverage the proprietary technology to enhance and evolve its fan engagement approach. 

The two parties will work together to develop the world’s first Fan Token Offering (FTO), for the Paris Saint-Germain fanbase.

The token will be listed on the Socios.com platform and will allow fans to engage with PSG through mobile voting and polling platforms. Token owners will also be granted access to exclusive fan rewards, content and experiences. 

The partnership forms part of the club’s broader strategy to integrate blockchain technology across its fan-facing and business operations. 

The platform enables fully secure and transparent digital transactions.

Marc Armstrong, chief partnership officer of Paris Saint-Germain commented on the landmark agreement, saying: “Always at the forefront of digital innovation, Paris Saint-Germain is determined to leverage the opportunities that cryptocurrency can provide.

“This revolutionary technology will have an important impact on the Club’s overall business strategy and the way we engage with our fanbase. 

“We are very pleased to welcome Socios.com in the Paris Saint-Germain family.” 

Alexandre Dreyfus, Founder & CEO of Socios.com, said: “We are delighted and very proud to have signed Paris Saint-Germain as our first club to work on the evolution of its fan engagement strategy through the Socios.com blockchain platform.

“As well as being a leader on the football pitch, Paris Saint-Germain is also a digital pioneer and this demonstrates its leadership in innovation. 

“We admire the Club’s vision in being the first club in world football to adopt this new technology and set a new standard in fan engagement.” Socios.com will create a new connection between Paris Saint-Germain and its global fanbase, helping the club to integrate blockchain technology as part of its fan engagement strategy."

Socios.com is powered by the Chiliz Token. Platform owner Mediarex has committed $20m to its launch.