The same underwriting checks Stobox runs on every client engagement, broken down question-by-question. Each maps to a structural decision a broker, LP, or counsel will ask before signing — so you can answer them on your terms, not theirs.
Each question is a structural decision a serious counterparty will ask before underwriting. Skipping one doesn’t make the question go away — it pushes the consequence into month three of the raise.
Not the building. Not the fund. The legal claim tied to the asset. Equity in a holding entity, debt secured against it, a pro-rata claim on cash flow, a hybrid? Each implies a different wrapper, different exemption, different investor base.
Why it matters. Issuers who say “we’ll figure that out with the platform” add three to six months and pay legal fees twice.
Delaware LLC. Luxembourg SCSp. Cayman LP. Wyoming DAO LLC. Irish ICAV. BVI vehicle. The wrapper is independent of the securities exemption — it decides who can hold the token, what tax treatment applies, and how the entity is recognized cross-border.
Why it matters. Reg D is how you sell. The wrapper is what holds the asset. They are not the same decision and the combination has consequences for years.
Reg D 506(c) for unlimited accredited with general solicitation. Reg D 506(b) for up to 35 non-accredited, no solicitation. Reg S for offshore. Reg A+ for retail-eligible up to $75M. Reg CF for retail up to $5M. EU national private placement under the Prospectus Regulation, with MiCA layered on the crypto-asset side.
Why it matters. Pick the exemption last and you’ll rework everything else when the investor base you wanted isn’t eligible under the path you chose.
Accreditation checks. Jurisdiction restrictions. Lockup periods. Investor count caps. Forced-transfer logic for compliance events. A plain ERC-20 cannot enforce these on-chain. An NFT cannot. Security-token standards (Stobox STV3, ERC-7943) exist for exactly this reason.
Why it matters. If enforcement is off-chain and manual, the first ineligible transfer breaks the deal — not the technology.
Every investor passes KYC and AML. The question is how, how fast, and whether the credential is portable across offerings. Decentralized identity (DID) lets an investor onboard once and reuse that verified identity across every Stobox-issued asset.
Why it matters. Treating KYC as a line-item cost loses 40–60% of pipeline at onboarding. Treating it as infrastructure compounds across every deal you do next.
The mint is not the milestone. Secondary liquidity is. Post-lockup, your token has to trade through a venue that can enforce the same compliance configuration baked into the contract — an SEC-registered ATS, a regulated EU trading facility, or a DEX-with-compliance bridge.
Why it matters. “On-chain” does not mean “liquid.” The venue is what bridges blockchain transfer to legal transfer of a security.
Minting a token does not put it in front of investors. You need a direct marketing program (subject to your exemption’s solicitation rules), placement agents, broker-dealers, an existing LP base willing to migrate on-chain, or opt-in access to a tokenization partner’s broker network.
Why it matters. Distribution is the question most tokenization pitches never answer. By the time you realize nobody is buying, the planning window has closed.
Tokenized securities are still securities. Periodic investor reporting, cap-table maintenance, regulatory filings (Form D, ongoing Reg A+ disclosures), tax docs, AML monitoring, corporate actions for distributions and redemptions.
Why it matters. Mint is 10% of the work. Operations are 90%. Tools that stop at mint leave you administering the back office yourself.
Compass returns a number out of eight, the gaps a broker would flag first, and recommended next steps. The scoring band is the same one Stobox uses internally on every client engagement.
Three minutes. Eight questions. The free tier returns your score and top three gaps.
Stobox Companies Group is not a registered broker-dealer, funding portal, underwriter, investment bank, investment adviser, or investment manager, and does not provide brokerage, underwriting, or investment advice. Stobox is not a law firm and does not provide legal advice — legal structuring is delivered by independent third-party counsel.
Stobox does not solicit, offer, or sell securities. Token offerings are structured and distributed by licensed broker-dealers. Stobox takes no part in secondary market transactions and does not hold investor funds or securities. Digital asset custody is provided by Fireblocks under separate agreement.
Nothing on this website constitutes an offer to sell, solicitation to buy, or recommendation of any security or investment. All information is for informational purposes only. Past performance is not indicative of future results. Investing in tokenized securities involves substantial risk, including loss of principal.
