{"license":"CC-BY-4.0","licenseUrl":"https://creativecommons.org/licenses/by/4.0/","attribution":"ChainChoice (https://chainchoice.io)","category":"tokenisation_platforms","evidenceReadAt":"2026-09-30","generatedAt":"2026-11-12","criteria":[{"id":"instrument_and_record_authority","label":"What the token conveys, and which record governs it","weight":30},{"id":"control_surface_and_who_holds_it","label":"Transfer control and eligibility, and who holds the levers","weight":25},{"id":"counterparty_and_licence","label":"Whose licence, and which entity the claim runs against","weight":25},{"id":"continuity_if_platform_stops","label":"What survives if the platform stops operating","weight":20}],"providers":{"tokeny_trex":{"instrument_and_record_authority":{"s":3,"q":"Digital Asset Offering : means the issuance of financial instruments (as such term is defined in Directive 2014/65/EU of the European Parliament and of the Council of 15 May 2014 on markets in financial instruments) or any other assets specified in a Purchase Order, in the form of digital assets…","u":"https://tokeny.com/general-terms-of-service/","d":"2026-09-30"},"control_surface_and_who_holds_it":{"s":9,"q":"Move tokens between wallets without compliance restrictions | Force transfers bypass all compliance rules and should be used carefully | Blocked wallets cannot send, receive, or interact with the token in any way | Removing tokens from non-compliant holders | Only token agents can mint tokens |…","u":"https://docs.tokeny.com/docs/token-actions-1","d":"2026-09-30"},"counterparty_and_licence":{"s":5,"q":"Tokeny S.à r.l., a private limited liability company registered in Luxembourg under number B218805 and with registered address at 9 Rue du Laboratoire, L-1911 Luxembourg | are generally being offered in a “Software as a Service (SaaS)” mode.","u":"https://tokeny.com/general-terms-of-service/","d":"2026-09-30"},"continuity_if_platform_stops":{"s":5,"q":"the Customer shall have the right to terminate the Contract subject to prior notification within a minimum notice period of 30 calendar days | In the event of Tokeny’s insolvency, resolution, or discontinuation of business operations, including termination of the Contract, Tokeny shall: | (b)…","u":"https://tokeny.com/general-terms-of-service/","d":"2026-09-30"}},"taurus_capital":{"instrument_and_record_authority":{"s":7,"q":"securities tokenized pursuant to art. 973d of the Swiss Code of Obligations | Taurus does not offer “issuance” services within the meaning of the Swiss Financial Services Act or any equivalent jurisdictions | the Tokens are/will be duly and validly issued according to applicable laws, corporate…","u":"https://www.taurushq.com/legal/infra-conditions/taurus-tokenize/","d":"2026-09-30"},"control_surface_and_who_holds_it":{"s":9,"q":"the power to administer the Smart Contract will be transfered to the Client or an agent of the Client, provided that this is applicable in the case at hand and that the selected Smart Contract supports this feature | CMTA Token Smart Contract Template | In particular, the CMTAT is released under…","u":"https://www.taurushq.com/legal/infra-conditions/taurus-tokenize/","d":"2026-09-30"},"counterparty_and_licence":{"s":9,"q":"Taurus S.A. is duly authorized and regulated to provide its services by the Swiss Financial Market Supervisory Authority (FINMA) and a member of esisuisse.","u":"https://www.taurushq.com/legal/","d":"2026-09-30"},"continuity_if_platform_stops":{"s":7,"q":"Either Party may terminate this Agreement at any time by giving the other Party at least 30 calendar days prior written notice.","u":"https://www.taurushq.com/legal/infra-conditions/taurus-tokenize/","d":"2026-09-30"}},"vertalo_vsp":{"instrument_and_record_authority":{"s":9,"q":"The register stays authoritative; the token is its on-chain representation, minted, governed, and reconciled under the transfer agent or registrar of record | The VSP writes only the highest-value datum — a holder's balance — to the chain by default | Events are produced and stored off-chain, then…","u":"https://www.vertalo.com/tokenization","d":"2026-09-30"},"control_surface_and_who_holds_it":{"s":7,"q":"determines what implementation VSP incorporates to restrict trading of the asset based on pre-defined investor eligibility, jurisdiction, limits on holder count, and other rules | Move tokens from one wallet to another | Settle trades, handle escheatment, and rectify erroneous or unauthorized…","u":"https://api.vertalo.com/docs/appendix/vsp-overview","d":"2026-09-30"},"counterparty_and_licence":{"s":9,"q":"Vertalo takes no position in the raise and no success fee | Keys sit with you or with the custodian you appoint. Vertalo runs all of the blockchain and holds none of the keys. | Vertalo is an SEC-registered transfer agent (CIK 0001793379).","u":"https://www.vertalo.com/","d":"2026-09-30"},"continuity_if_platform_stops":{"s":2,"q":"Access to the Vertalo platform is provided separately under a written agreement; nothing here grants access to that platform. | We may suspend or limit access for any reason. | We may update these Terms; continued use after changes means you accept them.","u":"https://www.vertalo.com/terms","d":"2026-09-30"}},"obligate_enote":{"instrument_and_record_authority":{"s":9,"q":"A ledger-based security is formed through an agreement between the parties (Registration Agreement), based on which the respective rights are registered in a securities ledger under art. 973d para. 2 CO and may only be asserted and transferred to others via this ledger.","u":"https://docs.obligate.com/legal/enote-legal-framework","d":"2026-09-30"},"counterparty_and_licence":{"s":7,"q":"Obligate AG is a member of VQF, a Swiss FINMA regulated AML SRO, and a financial intermediary according to article 2 paragraph 3 ff. of the Swiss Anti-Money Laundering Act. | Mühlebachstrasse 162, 8008 Zurich, | Registered at the Commercial Registry of Zürich | UID: CHE-379.891.298","u":"https://www.obligate.com/","d":"2026-09-30"},"continuity_if_platform_stops":{"s":7,"q":"All transaction parties will enter into and be bound by arbitration agreements, which forms part of the eNote Registration Agreement (to which the issuer, first taker and all subsequent holders are bound).","u":"https://docs.obligate.com/obligate-for-investors/enforcement","d":"2026-09-30"},"control_surface_and_who_holds_it":{"s":8,"q":"The CMTA Token (CMTAT) is an open-source smart contract standard developed by the Capital Markets and Technology Association | Obligate's eNote™ instruments are issued using the CMTAT standard, ensuring that every on-chain bond benefits from built-in compliance features including conditional…","u":"https://www.obligate.com/services","d":"2026-09-30"}},"blocksquare-issuer":{"instrument_and_record_authority":{"s":7,"q":"the legal binding document uploaded and stored on IPFS that works in conjunction with a Blocksquare PropToken smart contract and creates a financial obligation by the issuer towards any and all holders of a property token | as of v1.3 | shall be transferred to the individual digital token holder of…","u":"https://docs.blocksquare.io/infrastructure/tokenization-protocol/corporate-resolution","d":"2026-09-30"},"control_surface_and_who_holds_it":{"s":5,"q":"such as freezing affected assets, and coordinating with relevant authorities | the KYC requirement enables system admins to use a \"burn and mint\" function to transfer tokens to a new wallet for that user","u":"https://docs.blocksquare.io/faq/tokenization-protocol/security-and-privacy","d":"2026-09-30"},"counterparty_and_licence":{"s":3,"q":"Blocksquare d.o.o. | Cankarjevo nabrezje 1 | 1000 Ljubljana | Slovenia - EU | VAT SI 73690295 | Reg.no. 8141622000","u":"https://docs.blocksquare.io/about","d":"2026-09-30"},"continuity_if_platform_stops":{"s":7,"q":"The signed resolution is made public through IPFS | investors holding tokens can use this corporate resolution to appeal in court should the issuer stop their payments. As payments are conducted via smart contract, they are recorded on the ethereum Blockchain and shall be used as proof","u":"https://docs.blocksquare.io/infrastructure/tokenization-protocol","d":"2026-09-30"}},"brickken":{"instrument_and_record_authority":{"s":5,"q":"A share remains a security or financial instrument when represented in tokenized form | Switzerland’s DLT Act provides a framework for ledger-based securities and allows securities to be issued on blockchain within its statutory conditions.","u":"https://www.brickken.com/securities/equity-tokenization-guide","d":"2026-09-30"},"control_surface_and_who_holds_it":{"s":3,"q":"The tokenizer will be the only one allowed to mint such token, distribute dividends on such token and whitelist/blacklist investors of such token. | Burn tokens from the signer balance. | Transfer tokens from an approved owner address.","u":"https://docs.brickken.com/api-reference/endpoint/create.md","d":"2026-09-30"},"counterparty_and_licence":{"s":5,"q":"Brickken Solutions, S.L. | a Spanish limited company with registered office at Llacuna Street, number 162, module 302 (Barcelona), 08018 | a company duly registered in the Commercial Registry of Barcelona | CIF B67557603 | does not act as an intermediary, broker, exchange operator, custodian…","u":"https://www.brickken.com/terms-dapp","d":"2026-09-30"},"continuity_if_platform_stops":{"s":7,"q":"Get a quote Request a demo On-premise Add-on | Dedicated layer 1 deployments and private blockchain networks","u":"https://www.brickken.com/plans","d":"2026-09-30"}},"investax":{"instrument_and_record_authority":{"s":7,"q":"Franklin Templeton's OnChain U.S. Dollar Short-Term Money Market Fund Launches on InvestaX | a tokenized money market fund (MMF) structured as a sub-fund under Singapore’s Variable Capital Company | Shares in the fund are recorded via a tokenized register maintained by the transfer agent using a…","u":"https://investax.io/blog/franklin-templetons-onchain-u-s-dollar-short-term-money-market-fund-launches-on-investax","d":"2026-09-30"},"control_surface_and_who_holds_it":{"s":3,"q":"Onboarding and whitelisting of investors | Whitelisting | Investors who are qualified and onboarded by InvestaX will be able to invest using their whitelisted wallets.","u":"https://investax.io/tokenization-platform","d":"2026-09-30"},"counterparty_and_licence":{"s":9,"q":"InvestaX.io is operated by IC SG Pte. Ltd. (“InvestaX” or “IC SG”), a Singapore private limited company (Company Registration No. 201300459N). IC SG holds a Capital Markets Services license No.","u":"https://investax.io/disclosures","d":"2026-09-30"},"continuity_if_platform_stops":{"s":3,"q":"discontinue, change or update any product or Services | suspend, terminate or cancel a User’s Account without notice or liability, at any time, in its sole and absolute discretion | may write to InvestaX at support@investax.io to request to suspend, terminate or cancel the User’s Account, where it…","u":"https://investax.io/terms-of-use","d":"2026-09-30"}}}}