Stobox vs Brickken
The closest comparison on this list — both serve private companies, both issue permissioned tokens, both back the same open standard. Which makes the differences unusually easy to state: who does the work, and who takes a cut.
Choose Brickken if you are crypto-native, your counsel has already prepared the offering, and you want a low-cost, no-code way to mint and administer a permissioned token. Choose Stobox if you want the raise, not just the token: readiness scoring before you spend a dollar, offering documents prepared by in-house specialists, licensed US broker-dealer routing — and flat fees. Stobox never takes a percentage of your raise; Brickken's model includes a 3% success fee, and its $5,000 issuance fee is paid in its own volatile BKN token.
| Brickken | Stobox | |
|---|---|---|
| What you're buying | A no-code token-issuance dApp (Token Suite): you configure and mint the token, manage the cap table on-chain. | An operating system for the whole journey: organize the company (Intelligence), prepare the regulated raise (Raisable), issue the token (Compass). |
| Fees | $5,000 per tokenization, paid in its BKN token at spot price — plus a 3% success fee on capital raised once the soft cap is hit. SaaS from ~$30/mo. | Flat USD software fees, published: free start, Intelligence from $0, flat raise windows, $499 asset mint / $749 contract deploy. Never a percentage of your raise — at any layer, ever. |
| Getting ready | No readiness assessment or company-organization layer — you self-serve from a blank page. | Intelligence builds one canonical, verifiable record and scores it across 7 readiness pillars — free, before you commit to anything. |
| Offering documents | Not provided. Brickken's own docs state agreements between issuer and investor 'must be in separate documents.' Legal help comes from a marketplace of third-party experts, each paid separately in BKN. | Raisable prepares broker-acceptance-grade offering documents from your record; Stobox specialists finalize the package as part of the flat fee. |
| Regulated raises (US) | No broker-dealer routing. Reg D / Reg S mechanics, accreditation verification, and SEC compliance are entirely the issuer's responsibility. | The raise is routed to licensed broker-dealer partners (tZERO, Texture Capital, Silicon Prairie); eligibility is verified before the token can move. |
| Compliance & identity | ERC-3643 permissioned tokens with platform KYC; also backs ERC-7943. | ERC-7943 (uRWA) issuance with eligibility read from attestations (EAS / Coinbase Verifications) — a verified yes/no on-chain, no identity documents stored. |
| Regulatory footing | EU-first: European Commission DLT sandbox participant, MiCA-aligned tooling; no US regulated-raise pathway of its own. | 8 years of regulated-offering work across 20+ jurisdictions, with US raises routed through licensed partners — plus EU exemption frameworks in the same flow. |
| Track record | Founded 2020; claims $500M+ tokenized across 150+ clients; €3M pre-Series A (March 2026) at a €38M valuation. | Founded 2018; $300M+ tokenized across 100+ client engagements in 20+ jurisdictions — with the raises, not just the mints. |
Tokenization is three jobs. Count how many Brickken does.
A compliant tokenized raise is organize → raise → tokenize. Most platforms sell the third job and leave the first two — the parts that decide whether the deal survives diligence — to you.
Stobox Intelligence
Turns your company into one canonical, verifiable record and scores it across the 7 AXIS readiness pillars — so you know whether to tokenize, how to structure, and what has to be true before anyone's counsel finds out for you. Free to start.
Nothing built in — no readiness score, no company record. You start at the token configurator, ready or not.
Stobox Raisable
Turns that record into a broker-acceptance-grade regulated offering (Reg D / S / CF / A+ and EU frameworks). Documents are prepared from your record and finalized by Stobox specialists; the sale runs through licensed broker-dealers. Flat fee per 90-day window — never a percentage of the raise.
Not a product. Offering documents are explicitly out of scope (its own docs say issuer-investor agreements 'must be in separate documents'); legal and compliance help is a marketplace of third-party experts, each engagement paid separately in BKN. No broker-dealer routing — a US Reg D raise is entirely your responsibility.
Stobox Compass
Issues the live, compliant tokenized security: ERC-7943 (uRWA) permissioned tokens, an On-Chain Asset Passport on Base, a real-time on-chain registry, USDC settlement, and passkey smart wallets (ERC-4337) — non-custodial, so Stobox never holds your asset or your investors' funds. Flat $499 asset mint / $749 contract deploy.
Competent no-code issuance: audited contracts, ERC-3643 today and ERC-7943 backing, live across 7+ EVM chains, on-chain cap table and distributions. This is the one job Brickken and Compass both do — minus Compass's attestation-based eligibility, Asset Passport, and USDC settlement flow.
Where Brickken genuinely wins
- Genuinely low entry price for pure token administration (SaaS from ~$30/mo).
- Slick no-code issuance UX; audited contracts (Hacken, OpenZeppelin) across 7+ EVM chains.
- Standards credibility — its co-founder co-authored ERC-7943.
- EU regulatory groundwork: European Commission DLT sandbox participant, MiCA-aligned tooling.
Where Stobox wins
- Never a percentage. Brickken takes 3% of a successful raise; on $5M that is $150,000. Stobox fees are flat at every layer — any success fee belongs to the licensed broker-dealer.
- Fees in dollars, not in a token. Brickken's $5,000 issuance fee is paid in BKN at spot — your cost floats with a crypto market. Stobox prices are flat USD, published.
- The documents get written. Raisable's specialists prepare the broker-acceptance-grade package; Brickken hands you a marketplace and wishes you luck.
- A US raise is actually possible. Licensed broker-dealer routing is in the product; Brickken offers none.
- You find out if you're ready before you pay. The free Readiness Score and the Intelligence record exist precisely so companies don't mint a token their deal can't support.
- 8 years and $300M+ of regulated-offering scar tissue — since 2018, across 20+ jurisdictions.
Questions, answered
Aren't Stobox and Brickken doing the same thing?
They overlap on exactly one of the three jobs: minting a permissioned token. Brickken is a self-serve token-issuance dApp — capable at that, but the offering documents, the exemption strategy, the accreditation checks, and any US broker-dealer relationship are all left to you (or bought piecemeal from its third-party expert marketplace). Stobox packages the whole journey: readiness scoring, offering preparation by in-house specialists, licensed broker-dealer routing, and the issuance.
What's the real cost difference?
Brickken charges $5,000 per tokenization paid in its own BKN token at spot price — so your fee floats with a crypto asset — plus 3% of the capital you raise once your soft cap is reached. Stobox charges flat, published USD software fees and never takes a percentage of your raise; on a $5M raise, that 3% difference alone is $150,000.
When is Brickken the reasonable choice?
If you are crypto-native, already have counsel who has prepared your offering, don't need a US broker-dealer, and just want a low-cost, no-code way to mint and administer a permissioned token — Brickken's Token Suite does that, on multiple EVM chains, with audited contracts. That is a genuinely smaller job than a compliant raise, and it is priced like one.
Both back ERC-7943 — so what actually differs?
Correct: Brickken co-authored ERC-7943 and Stobox contributed to it; the standard is shared industry infrastructure, not a differentiator. What differs is everything around the token: whether anyone scores your readiness before you spend money (Stobox: yes, free), who prepares the offering documents (Stobox: in-house specialists; Brickken: you or paid marketplace experts), how a US raise is routed (Stobox: licensed broker-dealers; Brickken: not offered), and whether the platform's fee grows with your raise (Stobox: never; Brickken: 3% success fee).
Related: Stobox vs DigiShares ·tokenization vs traditional fundraising ·how Raisable prepares a raise ·score your readiness free
Brickken facts reflect public sources as of July 10, 2026 (its documentation, pricing coverage, funding press, and standards announcements) and may change; Brickken is a trademark of its owner, which does not endorse this page. Corrections welcome atinfo@stobox.io. General information, not legal or investment advice — see Legal & disclosures.