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Socios retains AFA fan token rights as legal dispute settled

(Photo by Buda Mendes/Getty Images)

The Argentinian Football Association (AFA) has announced that Socios.com will continue as exclusive provider of the official $ARG fan token until at least 2026, thereby settling the fan token platform’s legal dispute with the AFA and the blockchain company Binance.

In January, Socios parent company Chiliz claimed that Binance had overridden a pre-existing agreement, signed in July 2020, between the AFA and Socios for the naming rights to the country’s flagship professional league (called the Torneo Socios.com during its 2021-22 season), as well as branding rights on the training kit of the national team and rights to operate the AFA’s official fan token.

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