Binance, the world's largest cryptocurrency exchange, has launched Lazio Fan Token (LAZIO), creating a digital presence for Italian football club SS Lazio, with the ability for its holders to govern the team and earn exclusive promotions, rewards and recognition. Following the success of fan tokens for other football clubs, such as Manchester City and Paris Saint-Germain, Binance established a deal worth over €30m ($35m) with SS Lazio, lasting for two years with a third-year option. The total supply of LAZIO tokens will be 40 million, with a hard cap on the public sale of $4m, with users allowed a maximum of 20,000 LAZIO.