Press Room
Reinforcing its commitment to tokenized assets, Prosegur Cash increases its stake in Minos Global
The operation comes a year after the alliance between Prosegur Cash and Minos Global to launch an institutional platform for the custody and sale of tokenized digital assets for financial institutions.
Madrid, August 13, 2024 – Prosegur Cash has participated in Minos Global’s recently closed financing round, and is now its main partner. The operation strengthens the current position of this alliance as a cryptoassets service provider in Europe following the European Union's Markets in Cryptoassets Regulation (MiCA), at the same time as boosting its expansion in Latin America and expanding coverage of tokenized financial instruments services under the Securities Market Law.
Adding to its existing crypto bunker in Spain, Prosegur Crypto has now opened two new facilities in Argentina and Brazil, offering unique security for the storage and comprehensive management of digital assets; further openings are expected for September.
The new regulations will allow credit institutions and investment firms to offer custody and trading services for crypto-assets from January 2025, driving greater adoption of this new asset class. To meet this demand, Prosegur Crypto and Minos Global have implemented an institutional platform for tokenized assets that allows these capabilities to be deployed securely, easily and efficiently.
Commenting on the initiative, José Ángel Fernández, Executive Chairman of Prosegur Crypto and Corporate Director of Innovation at Prosegur Cash, said: "This investment not only reflects Prosegur Crypto's belief in the joint business model of both companies, but also provides the opportunity to collaborate closely in the development of solutions for the purchase and sale and custody of any type of tokenized instrument under the new regulations."
Alfonso Ayuso, CEO of Minos Global, added: "Prosegur's participation in the company's growth process reinforces confidence in the platform we have developed and its growth capabilities. This operation will allow the capabilities to be extended to the entire digital asset space, both technically and regulatorily."
A decisive moment in the tokenization of the economy
Today's financial landscape is at an inflection point where tokenization, which will convert traditional assets into digital tokens, will transform the way we invest and manage those resources. This innovative technology will democratize investment, offering greater liquidity, more efficient transactions and lower costs.
Thanks to regulatory progress and interest from financial institutions, the adoption of tokenization is set to grow exponentially: jurisdictions around the world will establish legal frameworks that will support these transactions, incentivizing more investors to participate.