Sports Tokens Surge After Socios.com Gets Regulatory Approval in Italy

In the aftermath of the announcement, the Santos FC fan token shot up by more than 150% from its value the day prior, to a high of about $15, while chiliz, the fansite platform’s main currency, rose by about 12%. Also up were Paris Saint-Germain, FC Barcelona and Juventus tokens, which each gained somewhere between 23% and 29% in value from Wednesday to Thursday.