French footballing giants Paris Saint-Germain are launching their own cryptocurrency after announcing a new partnership with Socios.com, a blockchain company based in Malta.

In a statement announcing the deal on Tuesday, Qatar-owned PSG did not reveal the length of the agreement or how much money they will make from it, although a source told AFP they expected it to be worth "several million euros".

Socios.com describes itself as a "tokenized football fan voting platform", with the title derived from the Spanish name given to members of La Liga giants Barcelona and Real Madrid.