STO – security token issuance for companies with real assets
We prepare the issuance of stock-based, revenue or debt tokens, which are usually financial instruments. We combine legal analysis, an SPV structure, technology and investor verification in one process.
- SPV structure
- Investor KYC/AML
- Jurisdiction matched to the project
What you gain
- Regulatory analysisToken classification and offering documents.
- Law, technology and documentsOne team instead of several vendors.
- Token holder servicingInvestor dashboard with KYC/AML and reporting.
- End-to-end processFrom analysis to post-issuance servicing.
- Regulatory analysisToken classification and offering documents.
- Law, technology and documentsOne team instead of several vendors.
- Token holder servicingInvestor dashboard with KYC/AML and reporting.
- End-to-end processFrom analysis to post-issuance servicing.
In practice
An STO structure with transfer controls
- Verified investors only (whitelist)
- A special purpose vehicle holds the asset
- Permissions registry and transfer locks
Interfaces and data are illustrative.
- InvestorsKYC/AML
- Security tokenwhitelist
- SPVspecial purpose vehicle
- Assetreal estate
- 0x8f…a21Issuer (SPV)Allowed
- 0x3c…9b0Investor · PLAllowed
- 0x71…e4dInvestor · DEAllowed
- 0x5a…07cNo KYCBlocked
Comparison
STO, ICO or equity crowdfunding?
- Nature
- A token with the characteristics of a financial instrument (stock, revenue, debt)
- Investor rights
- Profit, dividend, share in value
- Regulation
- High – financial market rules
- Liquidity
- Secondary market only through an authorised platform, with no assurance of liquidity
- Best for
- Companies with assets or revenue
| STO | ICO | Equity crowdfunding | |
|---|---|---|---|
| Nature | A token with the characteristics of a financial instrument (stock, revenue, debt) | A utility token or crypto-asset | Stock in a company |
| Investor rights | Profit, dividend, share in value | Access to a product or ecosystem | Shareholder rights |
| Regulation | High – financial market rules | Depends on classification (MiCA) | Crowdfunding regulations |
| Liquidity | Secondary market only through an authorised platform, with no assurance of liquidity | DEX / CEX exchanges | Limited |
| Best for | Companies with assets or revenue | Web3 startups with a community | Issuers using a crowdfunding platform |
Simplified comparison. Tokenization and equity crowdfunding can complement each other.
Who it is for
Who an STO is for
Process
How we prepare an STO
01 · Legal analysis and classification
We determine the nature of the token, regulatory risks and issuer requirements.
Outcome:analysis and recommendation
02 · SPV structure and jurisdiction
Special purpose vehicle, agreements, a jurisdiction matched to the investors.
Outcome:legal structure
03 · Documents and KYC/AML
Offering documents, terms, AML/KYC policy, investor materials.
Outcome:complete documentation
04 · Token and investor dashboard
Security token with a whitelist, dashboard with KYC, automated settlements.
Outcome:ready infrastructure
05 · Issuance and servicing
Technical handling of subscriptions and distribution, reporting and post-issuance settlements. The issuer runs the offering, through an investment firm or an authorised crowdfunding platform.
Outcome:investor servicing
Qualifier
Check in a minute whether an STO fits your company
Three questions about the asset, scale and timing. At the end we show the recommended model and arrange a call with a strategist.
- A recommended issuance model right after 3 answers
- No obligation – the consultation is free
- Confidentiality: we sign an NDA on request
Step 1 of 3
What do you want to tokenize?
Pick the closest category – we will refine it on the call.
Scope
What an STO includes
- Token classification analysis
- SPV structure and jurisdiction selection
- Offering documents and terms
- AML/KYC policy and whitelisting
- Security token with transfer restrictions
- Investor dashboard and reporting
An STO concerns tokens with the characteristics of a financial instrument – granting rights to profit, stock or debt – and is subject to stricter regulatory requirements than a typical utility token issuance.
When it grants the holder stock-, revenue- or debt-like rights – e.g. a share in profit or a dividend, a share in the company's value, or an obligation of the issuer to repay. The token's rights decide its classification, not its name – we confirm it in a legal analysis before designing the issuance.
Sometimes yes, sometimes no – it all depends on the type of token and how it is offered. That is why we analyse the project at the outset and tell you right away whether a licence is required and, if so, which steps are needed.
Yes. You can start with a smaller, pilot issuance and scale the model in subsequent stages.
The timeline depends on the company's readiness, the complexity of investor rights, the number of jurisdictions, the partners required and the scope of technology. After a preliminary analysis we prepare a schedule covering the structure, documentation, implementation and testing.
Information only, not legal advice. As of 7 November 2026.
Ask during a consultationRelated solutions
- Real estate
- Energy
- RWA and financial assets
- Collectibles
- Companies and startups
- ICO and issuance
- Token development
- Law and MiCA
- Marketing
Free consultation
Let's talk about tokenizing your asset
Tell us about your project. Within 24 hours we will come back with a time for a call where we assess the tokenization potential, the issuance model and the next steps.
- Reply within 24h
- No obligation
- Confidential (NDA)
