Chiliz Meets with US SEC…"Expanding North American Sports-Based Web3 Service Ecosystem"

Sports and entertainment blockchain company Chiliz (CHZ) announced on the 24th that it discussed ways to legally establish sports-based Web3 services in the United States with the US Securities and Exchange Commission (SEC).

Alexandre Dreyfus, CEO of Chiliz, discussed ways to re-enter the US market for fan tokens through a meeting with the US SEC held on the 22nd (local time). On the same day, CEO Dreyfus also met with Bo Hines, director of the Virtual Assets Advisory Board. Under the Trump administration, as the regulatory stance on virtual assets changed, Chiliz has embarked on a full-fledged re-entry into the US market.

Previously, Chiliz partnered with 27 NBA teams, 13 NFL teams, 14 NHL teams, UFC, and NASCAR racing in 2021, investing $80 million.

New investments are also anticipated. Chiliz plans to invest up to $100 million around the 2026 North and Central America World Cup to re-enter the US market. The introduction of SportFi and fan tokens into all US sports markets, including the NBA, UFC, and NHL, is also being actively considered.

Dreyfus, CEO of Chiliz, said, "The United States is the most advanced country in the world in the sports content industry," adding, "The current situation where virtual asset policies are improving is an important turning point to expand the digital ecosystem."