The tokenization timeline
The token takes minutes; the offering takes months. Here is what actually happens, month by month, in a typical private-company tokenization — and the five things that blow the schedule.
Typical ranges as of July 10, 2026 · every deal differs
Readiness & the record
Score readiness (free, ~5 minutes), then build the canonical record: ownership, valuation, cap table, governing agreements reconciled into one verified source of truth. Clean companies clear this in 2–4 weeks; messy records add months here — not later, here.
Structure & counsel
Entity/SPV decisions, jurisdiction and exemption selection matched to the investor base, corporate approvals, banking feasibility confirmed before spend. Counsel drafts in parallel with platform setup.
Offering preparation
Offering documents from the record, subscription flow, disclosures, broker-dealer onboarding where the exemption requires one, KYC/accreditation rails stood up. This is the long pole — and the part platforms either do, refer out, or silently skip.
The raise window opens
Marketing per the exemption's rules (open under 506(c); gated elsewhere), investors verify once and subscribe; a typical structured window runs ~90 days. Token issuance can run in parallel for early closings.
Close, issue, go live
Final closings, ERC-7943 tokens issued to verified wallets, the on-chain register becomes authoritative, funds settle (USDC or fiat). From here, operations: distributions, reporting, votes, transfer approvals.
What actually causes delays
A messy cap table or title
The #1 schedule-killer. Every unresolved SAFE, missing signature, or unreconciled valuation surfaces in diligence and stops the clock.
Banking
Accounts for issuing vehicles take longer than anyone budgets — confirm feasibility in month 0, not month 3.
Audits & appraisals
Independent valuation lead times run 4–8 weeks at reputable firms; order early.
Jurisdiction switches mid-flight
Changing venue after documents are drafted restarts months 1–3. Choose by investor base once, at the start.
Regulated-venue onboarding
Broker-dealer and transfer-agent onboarding have their own compliance clocks — start them in month 2, not after the raise.
The playbooks behind each phase: SPV structuring ·real estate ·company equity ·jurisdiction rules
Questions, answered
How long does tokenization take, realistically?
Three to six months end-to-end for a typical private-company deal: readiness and the verified record (month 0), structure and counsel (months 1–2), offering preparation and broker-dealer onboarding (months 2–3), a ~90-day raise window (months 3–4+), then closing and issuance. The token itself takes minutes; the offering takes the months. Claims of 'tokenize in days' describe minting, not raising.
What makes it faster?
One thing above all: arriving with a clean, reconciled record — ownership, valuation, cap table, agreements. That's why the process starts with a free readiness score rather than a contract. Reusing proven structures (standard SPV patterns, stacked Reg D + Reg S), confirming banking early, and ordering appraisals in month 0 each save weeks.
What usually causes delays?
In order of frequency: cap-table or title inconsistencies discovered in diligence, banking for the issuing vehicle, appraisal lead times, mid-flight jurisdiction changes, and underestimating broker-dealer onboarding. None are token problems — all are readiness problems, which is the entire thesis of starting with the record.
When do I start paying?
On the Stobox model: readiness scoring and the starter record are free; costs begin when you act — counsel engagement, a Raisable raise window (flat fee), and flat issuance fees at mint time ($499 asset mint / $749 contract deploy). Nothing is charged as a percentage of the raise at any point.
Typical ranges, not commitments — complexity, jurisdictions, and record quality move every schedule. Not legal advice; see Legal & disclosures.