How to tokenize company equity
Turning your shares into compliance-gated tokens is the deepest version of tokenization — the register, the raise, and the shareholder mechanics all move on-chain. Here is the playbook, including the version we ran on ourselves.
As of July 10, 2026 · not legal advice
Reconcile the cap table first — it is where every equity tokenization succeeds or dies. Then pick the legal form: in Switzerland or Luxembourg the token can legally be the share; everywhere else you issue a dedicated tokenized class (the STBX pattern) or wrap shares in a holdco. Raise under stacked exemptions matched to your investors, route the regulated sale through a licensed broker-dealer, and issue ERC-7943 tokens that become the live share register. Stobox proved the pattern on itself: STBX is Class-C Stobox equity running on the same stack clients use.
The six steps
Get the cap table to survive diligence
Reconcile shareholders, share classes, options, SAFEs, and side letters into one verified record — with the corporate approvals to issue a new class if you need one. Tokenized equity makes every historical inconsistency visible; fix them before counsel bills you to find them.
Choose the legal form of the tokenized share
Three patterns. Native: the token IS the share — statutory in Switzerland (ledger-based securities) and now Luxembourg (Blockchain Law IV, unlisted equity via a control agent). Dedicated class: issue a new share class through an issuing entity — how Stobox's own STBX works (Class-C equity issued by Stobox Tokenized Equities Ltd). Holdco/SPV: tokenize interests in an entity that holds the shares — the route when the operating company's paper can't change.
Match the exemption to your investors
US accredited: Reg D 506(c) with open marketing and verification. US retail: Reg CF to $5M, Reg A+ to $75M. EU: prospectus exemptions (thresholds, qualified investors, <150/state). Combine tranches — a Reg D + Reg S + EU-exemption stack is standard practice (it is exactly the stack STBX uses).
Prepare the offering and route the sale
Offering documents from the verified record, subscription flow, disclosures (rights of the tokenized class, transfer restrictions, no-liquidity warnings). Publicly marketed sales run through licensed broker-dealers — that is the law, not a product choice.
Issue tokens that ARE the register
ERC-7943 tokens whose transfer rules enforce eligibility, lock-ups, and jurisdiction limits; investors verify once via attestations. The token ledger becomes the live share register for the class — no parallel spreadsheet drift, ever again.
Run the equity like software
Dividends and distributions against the register, votes with on-chain participation records, transfer approvals per your restrictions, and secondary access where regulation permits — enforced by the token, not by chasing signatures.
Deep-dives: Swiss ledger-based shares ·Luxembourg's control-agent model ·the US exemption menu ·STBX — the live example ·tokenization vs IPO
Equity is the journey the Stobox stack was built around: Intelligence reconciles the cap table and corporate record and scores readiness free; Raisable prepares the stacked-exemption offering and routes it through licensed broker-dealers; Compass issues the ERC-7943 class and operates the register — dividends, votes, transfer approvals. And the proof is on our own books: STBX runs on exactly this stack. Corporate law and approvals stay with your counsel; Stobox is a technology provider.
Questions, answered
How do you tokenize a company's shares, step by step?
Six steps: (1) reconcile the cap table into one verified record with the corporate approvals you'll need; (2) choose the legal form — native ledger-based shares (Switzerland, Luxembourg), a dedicated tokenized share class through an issuing entity, or a holdco/SPV wrapper; (3) match the exemption to your investors (Reg D 506(c), Reg CF/A+, EU exemptions — often stacked); (4) prepare offering documents and route the regulated sale through a licensed broker-dealer; (5) issue ERC-7943 tokens that become the live share register; (6) operate dividends, votes, and transfers against it.
Does the token legally count as a share?
Depends on the jurisdiction of the issuer. In Switzerland (DLT Act ledger-based securities) and Luxembourg (Blockchain Law IV with a licensed control agent), yes — the token is the share by statute. Elsewhere, the standard pattern is a dedicated share class or holdco whose interests the token represents, with the token ledger recognized contractually as the register. Both are proven; the first is cleaner, the second is available everywhere.
Has anyone actually tokenized their own equity this way?
Stobox did — deliberately, as proof: STBX is a regulated security token representing Class-C equity in Stobox, issued by Stobox Tokenized Equities Ltd on the same stack offered to clients, under Reg D 506(c) + Reg S + the EU Prospectus exemptions, to eligible verified investors. Running your own equity on your own rails is the strongest validation a platform can offer.
What does tokenizing equity cost, honestly?
The pattern matches every serious tokenization: the token is cheap and fast (flat issuance fees — $499/$749 on Stobox), the offering is the budget. Corporate approvals, offering documents, and classification opinions typically run tens of thousands to low six figures over 3–6 months depending on cap-table cleanliness and jurisdictions. The single biggest cost saver is step 1: a clean record before counsel starts.
General information as of July 10, 2026, not legal, tax, or investment advice — seeLegal & disclosures.