CNMV Authorizes Bit2MeSTX, a Tokenized Securities Market

Bit2MeSTX receives the CNMV license as a Trading and Settlement System (TSS) and launches Spain’s first blockchain-native Stock Exchange

The CNMV authorizes Bit2Me STX to operate as a Trading and Settlement System (TSS) under the European Union’s DLT Pilot Regime, culminating a process begun in 2023 that includes success in the regulatory Sandbox and authorization as a Securities Agency.

• Bit2Me STX becomes one of Europe’s first blockchain-native Stock Exchanges, with a primary and secondary market for tokenized shares, bonds and funds, custody, and the role of Entity Responsible for Registration and Recording (ERIR) before the CNMV.
• The new infrastructure operates 24/7 with instant atomic settlement (T+0) via delivery versus payment (DvP), eliminating trading and post-trading intermediaries and significantly lowering the costs of going public.
• Bit2Me STX will specialize in technology, growth, pharma and renewables companies, and in the funds that finance them, to become the Stock Exchange of Private Markets.
• The Bit2Me group thus completes a regulatory map unique in Europe: MiCA, PSD2, Securities Agency and now TSS-DLT.

Madrid, October 28, 2026– Bit2Me Security Tokens Exchange, A.V., S.A. (Bit2Me STX or simply “STX”), a subsidiary of the Bit2Me group, has obtained authorization from Spain’s National Securities Market Commission (CNMV) to operate a Trading and Settlement System (SNL in Spanish, or TSS) under the European Union’s DLT Market Infrastructure Pilot Regime. With this license, STX officially launches its blockchain-native Stock Exchange: a regulated market infrastructure for the issuance, trading, custody and settlement of Security Tokens, that is, traditional financial instruments -such as shares, corporate bonds or funds- issued, traded and settled natively through Distributed Ledger Technologies (DLT).

This milestone makes Bit2Me STX a pioneer in Europe and consolidates Spain as a benchmark in the digital transformation of capital markets, especially for mid-cap companies in the technology, growth, pharma and renewables sectors: the Stock Exchange of Private Markets.

A Stock Exchange 3.0: efficient, liquid and intermediary-free

Traditional capital markets are burdened by slow processes (T+2 settlements), high costs and considerable fragmentation stemming from the multiplicity of intermediaries, such as clearing houses and central securities depositories, which severely limits access to stock market financing for SMEs, scaleups and investment funds.

The STX Stock Exchange solves these limitations by operating uninterruptedly (24/7), with smart contracts that replace traditional clearing houses and enable instant atomic settlement (T+0) through the delivery versus payment (DvP) mechanism. A bank custodian guarantees the connection with the financial system through the tokenization of euro deposits.

The TSS license, together with the Securities Agency license, enables STX to manage the market’s financial instruments, act as the Entity Responsible for Registration and Recording (ERIR), and hold in custody and market tokenized securities on behalf of third parties. The result: a primary and secondary market that completely eliminates post-trading intermediaries, under the authorization and supervision of the CNMV and aligned with European regulatory standards.

A regulatory path travelled alongside the CNMV

The TSS license is the latest milestone on a regulatory path travelled step by step alongside the CNMV since STX was incorporated in 2023:

• CNMV regulatory Sandbox (November 2024 – February 2025): STX successfully issued, traded and settled Spain’s first tokenized corporate bond, the Valorix Token 4T24 (ISIN ES0305845002), for €145,000, with a three-month maturity and a 3.25% coupon. The tests covered the bond’s full life cycle -primary issuance, secondary trading and maturity with payment of principal and coupon via instant transfers-, as well as the tokenization of bank deposits and the infrastructure’s resilience to node failures.
• Authorization as a Securities Agency (November 2025): the CNMV authorized the transformation of STX into an investment firm, the first legal requirement enabling it to operate the infrastructure.
• TSS license under the DLT Pilot Regime (October 2026): the definitive authorization allowing the launch of the blockchain Stock Exchange.

These authorizations add to those obtained by the Bit2Me group: the MiCA license (July 2025), the first granted to a non-bank company in Spain, and the PSD2 license (June 2026), with which the Bank of Spain authorizes Bit2Me to provide payment services based on e-money tokens (EMT), making it the first crypto-asset platform in Europe to combine both regulations. The group thus positions itself as the only player capable of offering complete, regulated solutions for the entire spectrum of digital assets: from crypto-assets (under MiCA) to tokenized transferable securities (under the DLT Pilot Regime and the Securities Market Law).

Statements

According to Javier Tordable, CEO and co-founder of Bit2Me STX: “Today the Stock Exchange of Private Markets is born: a regulated Stock Exchange 3.0 specialized in tech, growth, pharma and renewables companies that want to go public in an efficient, innovative, affordable and liquid way. Any company that today is financed through venture capital, private equity, private debt or direct lending should consider, as a complement, listing on STX. We offer an innovative, efficient and secure alternative equity financing solution that will complement banks and private equity funds.”

For his part, Leif Ferreira, CEO and co-founder of Bit2Me, highlights: “The TSS license of our subsidiary STX culminates our group’s positioning as the only player capable of managing the entire digital asset ecosystem under regulatory supervision and scrutiny. We facilitate the transition from traditional finance to a tokenized, regulated and secure model, providing confidence to both issuers and investors.”

Next steps: first issuances before year-end

With the license granted, STX plans to begin operations in the coming weeks and complete its first issuance with Valorix, the same issuer with which it validated its infrastructure in the Sandbox: a €1 million tokenized corporate bond on the primary market, scheduled for December 2026, which will subsequently be listed on the secondary market. This first operation will be followed in 2027 by a pipeline of new issuances of shares, bonds and funds from companies in the technology, growth, pharma and renewables sectors, subject to approval by the admissions committee.

STX will also actively participate in the new network of European capital markets and in wholesale settlement with tokenized money, where DLT technology will play a fundamental role. Its goal is to scale the adoption of tokenized finance in Spain and Europe, acting as the central market infrastructure connecting issuers of tokenized financial products with institutional and retail investors in a transparent, supervised and regulated manner.

About Bit2Me STX

Bit2Me Security Tokens Exchange, A.V., S.A. (Bit2Me STX) is the Bit2Me group subsidiary established in 2023 to build one of Europe’s first blockchain-native financial market infrastructures. Authorized by the CNMV as a Securities Agency and as a Trading and Settlement System under the EU DLT Pilot Regime, STX enables the issuance, custody, trading and settlement of Security Tokens -tokenized shares, bonds and funds-, specializing in European technology, growth, pharma and renewables companies: the Stock Exchange of Private Markets.

About Bit2Me

Bit2Me, founded in 2015 by Leif Ferreira and Andrei Manuel Costache, is the leading company in the cryptocurrency sector in Spain and the first non-bank company to obtain the MiCA (July 2025) and PSD2 (June 2026) licenses. It is backed by top-tier institutional partners and investors such as Telefónica, Unicaja, Investcorp, BBVA, Cecabank, Bankinter, Inveready and Tether, the world’s leading stablecoin issuer. Bit2Me holds cybersecurity and compliance certifications such as ISO 27001, ISO 22301, ISO 37001, ISO 37301 and UNE 19601, and is committed to education through Bit2Me Academy, the largest cryptocurrency training portal in Spanish