Working notes from the team on tokenization economics, structure and regulation. Written for sponsors and fund managers deciding whether and how to tokenize, with the numbers we use in our own engagements.
The seven-stage process, the stakeholder that captures value at each stage, the role of oracles, the 2026 bottlenecks and a line-by-line fee comparison against a private placement.
An interactive view of where the value sits: cost of funds, illiquidity discount and the fee line that barely moves.
Asset classes where it pays and where the case rests on access rather than cost, with the wrapper and valuation basis for each.
ADGM, GIFT IFSC, DIFC and Luxembourg compared for India-to-GCC structures, the two cash pipes for Indian operating assets, and the treaty withholding position.
Register, compliance, dividends, voting, corporate actions, insolvency and a chained NAV oracle: the lifecycle as four services and a set of applications.
Why IBOR, ABOR and PBOR belong in one system, and how on-chain events settle into the books on finality.
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