Run an AI company with real contracts and real hardware? Here is what an investor can actually buy.
If you have enterprise contracts, racks you own, or both, you have assets that behave like assets everywhere else. Weights and datasets do not. This page is about financing the first kind without selling the story.
- ✓Not a broker-dealer
- ✓Not a law firm
- ✓Never a percentage of the raise
Artificial intelligenceWhy AI company tokenization is slow today, and what fixes each problem.
Written in the owner’s words. If yours is not on the list, the readiness score will find it in about eight minutes, and nobody calls you.
Investors cannot tell the model from the company
The record shows the company: cap table, contracts, hardware, with the evidence attached.
A buyer who sees what is actually for sale.
Compute is a photo, not an asset register
Equipment title, invoices and location enter the record at their tier.
Hardware a lender can lend against.
Contracted revenue is scattered across inboxes
Customer contracts with payment terms sit next to the revenue they produce.
One schedule an investor can read in an afternoon.
The record, the raise and the token, one after another.
Intelligence
Because an investor needs to see the company, not the demo.
Equity reconciled to the paper
Articles, register, option ledger and every note, with the disagreements between them named. The AI part changes none of this. The speed of your last round is what made it messy.
Compute treated as the equipment it is
Title to the machines, the invoices, where they physically sit and the terms of the room they sit in, each with its document. An investor reads what you own, where it is, and what it is worth on paper.
Revenue with the contracts behind it
Contracted revenue taken from the accounting system, with each customer agreement attached, so the figure and its source can be read together.
Raisable
A raise against what customers have already signed
The memorandum and the risk factors are drafted from the contract schedule in the record, so an investor reads terms rather than projections.
Equity or a share of revenue, decided by your lawyer
Whether you sell part of the company or a share of contracted revenue is a structuring decision your counsel makes. The package is prepared to whichever standard applies.
A flat fee for the window, never a percentage
A licensed broker-dealer runs any regulated sale. No success fee, no carry, no cut of what you raise at any layer of ours.
Compass
Because a payment rule the contract runs beats a report somebody remembers to send.
Payments run from the register
A share of revenue pays everyone holding on the day the rule names, in USDC, a digital dollar, and each payment is written down as it happens. Nobody runs a report first.
What you getA share of revenue paid by a rule, not by somebody running a report.
If it is equity, the register is the list of owners
Current at the moment of every transfer, with the shareholder agreement enforced by the contract instead of remembered.
What you getA share register that is the asset itself, if what you sell is equity.
Who may hold it is a condition of the asset
Written into the token and checked on transfer. There is a path to secondary trading through licensed venues, and listing rests with the venue.
What you getA check on who may buy, run by the asset on every transfer.
AI company tokenization side by side: the same four questions, before and after.
Nothing here needs the rest of the page. If the right column is not worth the work to you, the answer is no, and that is a fine answer.
What is being sold
A story about the model
Equity, machines or contracted revenue, with evidence
How investors are paid
A report, then a transfer
From the register, by the rule, recorded
What a buyer checks
The deck, and your word
Contracts, invoices and titles in the record
Who may hold it
Whoever you vet by hand
Whoever the rules admit, checked as it moves
AI company tokenization case studies: named work, and the marks that go with it.
We have not yet taken an artificial intelligence company through a tokenized raise. What we have done is finance the physical side of compute, three times, and that is the honest comparison.
Pylon
We structured a securities offering that financed hardware for a Y Combinator-backed company, using its contracts rather than another equity round.
Equipment with contracted revenue behind it can be financed on its own terms.
Decentraliced
We built a financing structure that balanced the yield from computing hardware, the cost of its own power supply, and what investors were owed.
Compute and the electricity it burns are one calculation, not two.
Quarry Dynamics
We structured a raise that paid for computing equipment and the site it runs on, in Canada.
Hardware, site and power can be raised for together, as one project.
Documents needed for AI company tokenization, and who has to have issued them.
Every answer in the record carries its document and a proof tier from T0 to T5. A number you typed and a number from a registry both get in, and they are not stored as though they were equal.
Certificate of incorporation and articles
T5A registry
Share register and option ledger
T3Your books
Title to the hardware, invoices and location
T4Signed by the other side
Customer contracts with payment terms
T4Signed by the other side
Revenue from the accounting system
T3Your books
Where this usually stops: stage 05 · Issue. The existing cap table has to be reconciled with reality before it becomes chain state. The six stages are on the Compass page. T5 is issued by an authority, T4 is signed by the other side, T3 is your accounting system of record; anything asserted without a document sits at T0, and the score will say so.
Updated 3 October 2026
Talk to usIs this right for your AI company?
Tell us the asset and the jurisdiction. A specialist answers in plain words, and says what is still in development.
AI company tokenization terms: six words this page uses, in plain English.
You do not need any of this to talk to us. It is here because these words get used at you in meetings, and knowing them is worth more than nodding along.
Compute
The machines that run the models: graphics cards, servers and the building and power they need. Unlike a model, it is a physical thing you can own and finance.
Contracted revenue
Money customers have already signed up to pay you over a period, as opposed to money you expect. Lenders and investors treat the two completely differently.
Depreciation
How quickly the hardware loses its value. On compute it is fast, and any honest financing structure has to say what happens when it does.
Cap table
The list of everyone who owns a piece of the company. It is the asset in a private company, and an AI company’s cap table has usually been through several fast rounds.
Exemption
The rule that lets you sell to investors without a public registration. Your lawyer picks it, and it decides who is allowed to take part.
Model weights
The trained output of the model itself. They are hard to own cleanly, hard to transfer and hard to value on any given day, which is why we do not build offerings on them.
When AI company tokenization is not for you: three cases, in advance.
Said here so you can leave without a call. It is cheaper for both sides than discovering it in week six.
A company before revenue with no hardware of its own. That is an ordinary venture round.
Model weights, datasets or intellectual property you do not clearly own, as the thing being sold.
A network token or a community allocation. It is a security or it is nothing.
Primary sources: Securities Act, section 4 - exempted transactions – 15 U.S.C. 77d · Regulation D, Rule 506 – 17 CFR 230.506.
Find out where it stands.
Score your asset
Twenty-five questions across seven dimensions, about eight minutes, no email to see the result.
Take the Readiness ScoreAsk the founder, live
The monthly webinar with Gene Deyev: 40 minutes on Zoom, once a month.
Join the monthly webinarBook a call
Bring the asset and the score. We will say what is missing, and say so if the answer is no.
Book a callStobox Technologies Inc. Nothing on this page is an offer to sell or a solicitation to buy any security, and nothing here is legal, tax or investment advice. Stobox is not a broker-dealer and not a law firm; regulated activity runs through licensed firms.