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A security token offering that gets to close.

From the first structuring decision to a live issuance: exemption, documents, investor route and token, in the eight phases of the Tokenization Framework. Flat published fees, and never a percentage of what you raise.

Plan your offeringRead the framework →
A tall stack of translucent glass blocks with a cold white core on a black mirror floor
$305M+
in assets structured and supported
100+
clients
20+
jurisdictions
2018
building since
Who we are

Who plans a security token offering with you?

Stobox has structured and supported $305M+ in real-world assets for 100+ clients in 20+ jurisdictions since 2018, and has been doing security token offerings since before the rules were written down. We are not a broker-dealer: the offering runs through a licensed firm.

We plan it, document it and build the token. We never sell it for you, and never take a percentage of what is raised.

  • ✓$305M+ in assets structured and supported
  • ✓100+ clients, 20+ jurisdictions
  • ✓Founded 2018, Wyoming corporation
  • ✓Not a broker-dealer, not a law firm

About Stobox → The team → In the press →

A tall stack of translucent glass blocks with a cold white core on a black mirror floor
How it works

What are the eight phases of a security token offering?

From strategy to the offering itself, in the order that decides whether the raise closes. Each phase ends with a decision and with what you should hold.

01

Strategy

What you are tokenizing, for whom, and why a token is the right tool.

02

Asset structuring and legal readiness

The vehicle, the rights and the legal basis, settled before anything is issued.

03

The tokenization model

What the token represents and how it moves.

04

Token economics and the contract

The terms, and the contract that carries them.

05

The issuing framework

Who issues, who verifies investors, who holds the register.

06

Legal documentation

The offering documents your counsel signs.

07

Validation and deployment

Tests, review and the release to chain.

08

The offering

The raise itself, through a licensed firm.

FrameworkThe Tokenization FrameworkEight phases and forty-eight steps from an unstructured company to a live tokenized security, with who signs each decision and what you hold at each close.ChecklistThe Tokenization Framework checklist: what each phase hands onThe eight phases of the Tokenization Framework and what you should hold at the end of each before the next one starts.GuideThe tokenization timelineThe honest schedule: readiness month 0, structure months 1–2, offering prep 2–3, a ~90-day raise window, close and issue by month 4–6.
A tall stack of translucent glass blocks with a cold white core on a black mirror floor

Eight phases, in order.

From the first structuring decision to a live issuance, through a licensed firm.

What you get

What we hold ourselves to

✓Published flat fees

Every layer has a price you can read before you write to us. Never a percentage of a raise.

✓A decision, not a deck

Each phase ends with who signs the decision and what you hold at the close.

✓A plain no

If the offering will not work as planned, we say so before you spend on it.

What we do

What does STO consulting include?

The record the offering rests on, the package a licensed firm will accept, and the token that enforces the rules after the sale.

The recordStobox Intelligence

The record the offering rests on, in two to six weeks.

See the product →
The raiseStobox Raisable

The package a licensed firm will accept.

See the product →
The tokenStobox Compass

The token that carries the rules after the sale.

See the product →
The protocolStobox Orbit

A permissioned tokenization protocol on Base: a transfer that breaks the rules does not happen. In development.

See the product →
For AIStobox MCP serverGive Claude, ChatGPT or any model a tokenization fact-checker it can call, every answer linked to its source.Free toolReadiness scoreTwenty-five questions across seven dimensions, about eight minutes.AdvisoryTokenization advisoryFrom the first structuring decision to a live issuance.
Ask

Ask us anything.

A question about a structure, a country, a price or your own asset. Ask it here and get an answer at once, with the sources. Want a person? One click, and the question goes to Stobox.

The assistant answers from Stobox pages, with the sources, in a few seconds. If you want a person, it goes to stobox.io with a note that you came from sto.consulting.

Where

Where can you run the offering?

The exemption follows your investors. Twelve guides, one per jurisdiction, plus a four-question planner that points to the rule.

GuideUnited StatesTokenized securities are securities – the SEC said so plainly in January 2026.GuideEuropean UnionA tokenized security in the EU is a MiFID II instrument, not a MiCA crypto-asset. Prospectus exemptions, the DLT Pilot Regime and ECSP, explained.GuideUnited KingdomSecurity tokens in the UK are FCA-regulated specified investments. How offers run under the new regime, and how the Digital Securities Sandbox works.GuideUnited Arab EmiratesFour regulators, three routes: VARA's ARVA regime for real-world-asset tokens in Dubai, DFSA's Investment Tokens in the DIFC.GuideSwitzerlandSwitzerland made tokenized shares a first-class legal object: ledger-based securities under the DLT Act.GuideSingaporeMAS regulates a tokenized security as the security it represents – 'same activity, same risk, same regulatory outcome.' The SFA offer exemptions.GuideGermanyDo you need a BaFin licence to issue tokenized securities in Germany? Issuing does not trigger it, running the register does. The eWpG, explained.GuideHong KongThe SFC calls tokenized securities 'traditional securities with a tokenisation wrapper' – same business, same risks, same rules.GuideLiechtensteinLiechtenstein wrote the first purpose-built blockchain law – the TVTG's Token Container Model lets a token hold any right.GuideLuxembourgFour blockchain laws (2019–2024) made Luxembourg securities natively digital – including unlisted equity via the new control-agent role.GuideBritish Virgin IslandsThe BVI is where token issuers incorporate, not where investors live: a Business Company in 24–48 hours for ~$2,500–3,000, tax-neutral.GuideCayman IslandsIn March 2026 the Cayman Islands became the first major fund domicile with an explicit statutory regime for tokenized funds.
ToolWhere you raise, and under which ruleFour questions on where your investors are and who they are, and the jurisdiction guide and exemption that follow. Runs in your browser.LogThe regulatory changelogA dated log of the regulatory changes that matter for tokenized securities – US, EU, UK, UAE, Switzerland, Germany, Liechtenstein, Singapore.GuideThe tokenization timelineThe honest schedule: readiness month 0, structure months 1–2, offering prep 2–3, a ~90-day raise window, close and issue by month 4–6.

All jurisdiction guides →

Law

Which exemption, which documents?

Reg D, Reg S, Reg CF and Reg A+ compared, the documents by offering type, and the honest schedule.

CompareReg D vs Reg S vs Reg CF vs Reg A+The main US securities exemptions compared for compliant and tokenized raises: who can invest, general solicitation, raise limits, reporting.ExplainerLegal documents by offering type: registered vs exemptWhich offering documents a security token issuance needs, registered vs exempt, in one table from phase six of the Tokenization Framework.GuideThe tokenization timelineThe honest schedule: readiness month 0, structure months 1–2, offering prep 2–3, a ~90-day raise window, close and issue by month 4–6.ToolWhere you raise, and under which rule.Four questions on where your investors are and who they are, and the jurisdiction guide and exemption that follow. Runs in your browser.GuideTokenizing an asset through an SPVWhy the SPV is tokenization's standard legal wrapper, the six-step playbook, and an honest venue comparison – Delaware, BVI, Cayman, Luxembourg.GuideSecurity token liquidity: the honest guideWhat actually trades (gold: $90.7B in Q1 2026; tokenized equities: $15.1B), what doesn't (Treasuries and private credit mint-and-redeem.

Legal pages, terms and privacy →

Since 2018

A plan that gets to close.

Eight phases, each ending with a decision and with what you should hold. Flat fees, never a percentage of the raise.

$305M+in assets structured and supported
100+clients
20+jurisdictions
For whom

What kinds of offering do we plan?

Property, resources, software companies, energy, funds and revenue streams, each with its own proof and its own investors.

By assetReal estateTwenty of our fifty-five public engagements are property. What a building must prove before issue: title, valuation, encumbrances, custody and structure.By assetMining and commoditiesCustody, assay and storage carry the entire proof tier for a reserve or a royalty. What a buyer verifies, and what makes a mining asset issuable at all.By assetTechnology companiesFor a software company the asset is the cap table, and it has to be true before anything is issued. Here is the path from record to raise to token.By assetAI companiesWhat can and cannot be tokenized in an AI company: compute, revenue rights and equity are three different instruments with three different rulebooks.By assetRenewable energyFor a project the offtake agreement and the licence decide who may hold the token and where it may trade. What to settle before the structure is drawn.
By structureInvestment fundsTokenizing a fund is reconciling two sets of terms rather than writing one. Where the LPA and the token contract disagree, and which one has to give.By structurePrivate equityTransfer restrictions enforced by the asset, not a liquidity promise. What tokenizing an SPV or an LP interest actually changes, and what it does not.By structureRevenue and royaltiesWrite the entitlement down before you tokenize it. What a revenue share or a royalty has to define to survive a counterparty reading it closely.

All solutions →

Tell us about the offering.A first view of your offering, phase by phase, and what it would cost, in writing, before you commit.
Plan your offering
Clients

Which offerings have we planned?

Property, hotels, resources, energy and funds: the public engagements, with what the client needed and what we delivered.

Case studyErinwood FordStructured investor-ready security tokens to fund a Ford and Lincoln automotive dealership acquisition.Case studyKeystone EquitiesStructured a security token raise for hotel acquisition, renovation, and a premium exit strategy for investors.Case studyLandshareBuilt the tokenization platform and STO for a U.S. residential real estate investment product.Case studyPylonStructured a security token offering to finance hardware procurement for a YC-backed utility distribution management platform.Case studyStage Point CapitalStructured a tokenized offering for fractional ownership of residential apartments in Prague.Case studyAriyaXAdvised and launched the first tokenized aviation STO in MENA.Case studyCandelaDelivered end-to-end tokenized financial infrastructure combining a hotel-focused STO with a utility token engagement layer.Case studyAllegiance Capital FundStructured tokenized mineral and royalty interests from U.S. oil and gas extraction through a compliant revenue-sharing security token.Case studyQuarry DynamicsStructured tokenized fundraising to finance crypto mining equipment procurement and operational setup in Canada.Case studyLos Patios IbizaStructured the tokenized renovation financing for a historical Spanish hotel while navigating complex local real estate and heritage regulations.Case studyIgniter100Structured a compliant private-equity tokenized fund enabling small-ticket investments into early-stage startups.Case studyMathieu TessierDeveloped a tokenized capital-raise offering for a Canadian residential real estate developer.

All fifty-five case studies →

Technology

Which token and which chain?

The standard, the chain and the audit, explained for someone who has to choose.

ExplainerWhat is the STV3 Protocol?STV3 is Stobox's RWA token protocol: an ERC-20 built on the Diamond Standard (EIP-2535), so it is modular and upgradeable.ExplainerChain selection for RWA: Ethereum vs Arbitrum vs Polygon vs permissioned chainFor most tokenized securities, issue on an Ethereum Layer 2: you inherit Ethereum's settlement assurance at lower cost.ExplainerWhat does an institutional smart contract audit for RWA actually cover?A smart-contract audit checks the token code itself: access control, transfer-restriction logic, upgrade safety, reentrancy, and oracle/economic risks.ExplainerWhat is ERC-7943 (uRWA), the Ethereum standard for real-world asset tokenization?ERC-7943 (uRWA) is the final Ethereum standard for tokenizing real-world assets: a minimal interface that lets the issuer enforce transfer rules.

The full library of explainers →

The eight phases

Every layer has a price you can read before you write to us. Never a percentage of a raise.

Read

What should I read before planning an STO?

Capital raising, tokenization and case notes from the Stobox blog, newest first.

Capital raising

2026-09-11The Great Fundraising Divide: How Tokenized Capital Formation Is Rewiring Private Markets in 2026Private-market fundraising is in its fifth straight annual decline, and capital is concentrating into the largest funds. The fix is not more traditional fundraising.2026-09-04The Investor-Ready Company: Why AI and Tokenization Now Decide Who Raises Capital in 2026In 2026 the fundraising bottleneck moved from access to trust.2026-08-28The Agent-Ready Raise: How AI and Tokenization Are Rewriting Capital FormationAI agents are moving from research tools to autonomous capital-market participants, and tokenized private assets crossed $22B.2026-08-21The Capital Bifurcation: Why 90% of Fundraisers Need New Rails in 2026Five mega-firms captured 73% of new private-capital commitments in H1 2026. The other 90% of fundraisers are being priced out of traditional pools.

Tokenization

2026-09-11Robinhood Is Right About Tokenized Stock. That Is Exactly Why Issuers Should Tokenize FirstVlad Tenev says public companies cannot control every product built on their shares.2026-09-09The Missing Middle: Why RWA Tokenization's Next Trillion Runs Through Mid-Market IssuersRWA tokenization crossed $33.5B on-chain, but the infrastructure was built top-down for the largest issuers and safest assets.2026-09-08Stobox Weekly RWA & Tokenization Digest: September 2–8, 2026The SEC proposed its first transfer-agent overhaul in 40 years and named tokenization directly, the ECB locked a September 21 go-live for Pontes, and on-chain RWA value…2026-09-02The Wrapper Decides: Why Tokenized Asset Structuring, Not Minting, Determines Institutional Liquidity in 2026The RWA market crossed $36B on-chain, but most tokens barely trade.

Case notes

2026-03-29Solus Group Co-Founds the Full-Stack RWA Tokenization Alliance to Strengthen Capital, Distribution, and Global RWA GrowthSolus Group Co-Founds the Full-Stack RWA Tokenization Alliance to Strengthen Capital, Distribution, and Global RWA Growth2026-02-02Stobox Welcomes Atmosphera: Bringing Event Investments On-ChainStobox Welcomes Atmosphera: Bringing Event Investments On-Chain2025-12-16Casper and Stobox Partner to Bring the $144B U.S. Parking Market On-ChainStobox is pleased to announce a collaboration with Casper Network. Casper and Stobox Partner to Bring the $144B U.S. Parking Market On-Chain.2025-11-07ZGrowth Tokenizes Canada's First Regulated Stablecoin Issuer on Stobox 4ZGrowth tokenizes equity of Canada’s first regulated stablecoin issuer using Stobox 4 – technical infrastructure bridging public markets with blockchain automation.

The whole blog →

Compare

STO or something else?

An STO against an ICO, an IPO and a traditional raise, with the differences that matter.

CompareSTO vs ICO vs IEOSTOs sell enforceable rights under securities law; ICOs sold coins with no claim attached; IEOs added exchange vetting to the same instrument.CompareTokenization vs IPOIPO: public liquidity at 4–7% underwriting plus public-company costs forever.CompareTokenization vs traditional fundraisingWhat actually changes when you raise with tokenized securities vs a traditional raise – ownership records, settlement, compliance, liquidity, cost.CompareSecurity token vs utility tokenThe real difference between a security token and a utility token: legal status, who can hold it, rights, transferability, and where each fits.

All comparisons →

PlanEight phases in order
DocumentWhat counsel signs
IssueThrough a licensed firm
Price

What does an STO cost with Stobox?

Published flat fees at every layer, with the quote in writing before you commit. Never a percentage of what you raise.

PricingFlat prices, publishedPublished flat fees at every layer, with no percentage of a raise at any point. What each product costs, what changes the number.FreeThe readiness scoreTwenty-five questions across seven dimensions show where your own asset stands. Free, about eight minutes, no account needed.ChecklistThe 12 questions that sort the tokenization marketThe buyer's checklist built from real failure modes: does the fee grow with your raise, who holds the keys, what survives the platform's death.
Ask

Ready to plan one?

Score the asset, run the raise planner, or tell a person about the offering.

Self-serviceScore your own assetTwenty-five questions across seven dimensions show where your own asset stands. Free, about eight minutes, no account needed.Self-servicePaste what you have. See what is missing.Paste your data room index and see which of the 36 facts a counterparty asks for first are never mentioned. No email, and nothing leaves your browser.AnswersEvery question, answered short106 short answers about Stobox: what Intelligence and the company record are, how the AXIS readiness score works.WordsThe glossaryEvery word this industry uses at you, explained plainly in 78 short entries. Every word here appears somewhere on this site.LiveAsk the founder, live, once a monthMonthly webinar: forty minutes live on Zoom with Gene Deyev, Founder and CEO of Stobox, once a month. Register on Zoom.A personThree ways in, none of them a queueBook a call, run the free readiness score on your own asset, or write to a person. No form gate, and nobody calls you unless you ask for it.

From the first decision to a live issuance.

The offering runs through a licensed firm. We plan it, document it and build the token.

Next step

Three ways in, and none of them is a queue.

01Book a call

30 minutes with a person who has done it. Say the asset and the country, and we say whether the structure works.

Book a call →02Write to a person

Anything that does not need a meeting. It goes to the right desk at Stobox, and a person replies within two working days.

Write to us →03Score your asset first

Twenty-five questions, about eight minutes, free. You arrive knowing where the gaps are.

Start the score →
Before you write

Plain answers.

What is a security token offering?

The issue of a security as a token, with its rules enforced by the asset, sold under an exemption to eligible investors through a licensed firm.

Do you find the investors or sell the tokens?

No. Stobox is not a broker-dealer. The package is routed to a licensed firm that runs the offering.

How does Stobox get paid?

Published flat fees at every layer, on stobox.io/pricing. Never a percentage of what you raise.

What happens after I ask a person?

A person at Stobox reads it and replies within two working days with a concrete next step.

What is Stobox?

Stobox is a technology provider that structures and supports the tokenization of real-world assets. It has done so since 2018, with $305M+ in assets structured and supported for 100+ clients in 20+ jurisdictions.

Is Stobox a broker-dealer or a law firm?

No. Stobox is a technology provider. Offerings run through licensed firms, and legal opinions are your counsel’s.

What does it cost?

Stobox publishes flat fees at every layer and gives the quote in writing before you commit. It never takes a percentage of what you raise.

Which countries do you have guides for?

The United States, the European Union, the United Kingdom, the United Arab Emirates, Switzerland, Germany, Singapore, Hong Kong, Liechtenstein, Luxembourg, the British Virgin Islands and the Cayman Islands.

What kinds of asset can be tokenized?

Real estate, mining and commodities, technology and AI companies, renewable energy, funds and private equity, and revenue or royalty streams. The readiness score does not care whether a page exists for your asset.

How long does it take?

It depends on where you start. The honest schedule is in the tokenization timeline: readiness first, then structure, then the offering preparation, then a raise window of about ninety days.

sto.consulting is an affiliated domain of Stobox (stobox.io), operated by Stobox Technologies Inc. Stobox is a technology provider and not a broker-dealer or a law firm; regulated activity runs through licensed firms. 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.

Plan your offering