A SGIIC (asset management company for collective investment institutions) is the entity authorized by the CNMV to manage funds and investment companies. It appears in tokenization because, when what is tokenized are shares in a collective investment institution, management remains reserved for an authorized entity.
A SGIIC is a key term to understand regulated tokenization in Spain. Here it is explained clearly.
What is a SGIIC
A SGIIC (collective investment institution management company) is the entity authorized by the CNMV to manage funds and investment companies (collective investment institutions). It is the one that can manage, and where appropriate tokenize, the shares of a fund.
If you manage a fund and want to tokenize its shares, the SGIIC is the authorized piece of the puzzle, together with the ERIR that registers the securities. We frame it in what is a collective investment institution and in the pillar guide on asset tokenization.
Frequently asked questions
What does a SGIIC do?
It manages collective investment institutions (funds and investment companies) under authorization and supervision of the CNMV.
Does the SGIIC register the tokens?
No. The SGIIC manages the collective investment institution; the registration of tokenized securities with legal effects is carried out by an ERIR (art. 8 LMVSI).
More terms in the tokenization glossary.
Notice
Informational content. It does not constitute legal, tax or investment advice. Check the current version of the cited rules on BOE and EUR-Lex.
HokenFi is a software and infrastructure provider; it does not provide regulated services (CASP, ESI, EAF, or ERIR). This article is informative and does not constitute financial or legal advice.
