1
Asset Type
2
Business Model
3
Token Purpose
4
Funding
5
Distribution
6
Result
Question 1 of 5

🎯 What type of asset are you working with?

This is the most critical decision. Native assets are created specifically for blockchain tokenization. Non-native assets are existing real-world assets being converted to tokens.

This determines your entire compliance pathway

🚀 Native Digital Token (Created from Scratch)

Examples: New DeFi protocol token, platform utility token, governance token, new fundraising token

Simpler compliance path - designed for blockchain from day one

🏛️ Non-Native RWA (Tokenizing Existing Asset)

Examples: Existing real estate, existing company stock, commodity reserves, mineral rights, art collections

Complex compliance - requires custodians, appraisers, legal verification

Question 2 of 5

What is your business model?

Select all that apply. Many projects span multiple categories (e.g., DeFi + RWA, or governance for a stock tokenization platform).

You can select multiple options

DeFi Protocol

Decentralized finance platform (lending, trading, yield farming, liquidity pools)

Real World Asset Tokenization

Tokenizing physical assets (real estate, commodities, equipment, art)

Mineral Assets Tokenization

Tokenizing mining rights, mineral reserves, or commodity extraction projects (gold, silver, oil, gas)

Stock Tokenization

Tokenizing existing company stocks or equity shares for fractional ownership and liquidity

Company Equity Tokenization

Tokenizing shares of your startup company for fundraising or liquidity

Payment or Stablecoin

Token used primarily for payments, transfers, or as stable store of value

Platform Utility Token

Token grants access to platform features, services, or discounts (SaaS, gaming, marketplace)

Pure Governance Token

Token used only for voting on protocol decisions, no revenue sharing

Question 3 of 5

What will token holders receive?

This is critical for the Howey Test. If token holders expect profits from the efforts of others, your token is likely a security.

Revenue or Profit Sharing

Token holders receive a share of protocol fees, revenue, or profits

Revenue Share or Buybacks

Token holders receive revenue distributions, or protocol buys back tokens with revenue

Staking Rewards (Active Participation)

Token holders stake to validate transactions and earn rewards for active work

Governance Rights Only

Token holders can vote on protocol decisions, no financial benefits

Platform Access or Discounts

Token holders get access to services, features, or discounts (like loyalty points)

Fractional Asset Ownership

Token represents ownership share in a specific real world asset

Question 4 of 5

How much funding do you plan to raise?

The amount determines which CLARITY Act exemptions are available. Section 4(a)(8) has a $75M cap. Larger raises require different pathways.

Under $5 Million

Seed stage or small token sale

$5M to $20M

Series A stage or medium token sale

$20M to $75M

Series B or large token sale (maximum for Section 4(a)(8))

Over $75 Million

Series C+ or very large token sale

No Token Sale (Airdrop Only)

Distributing tokens for free, no fundraising

Question 5 of 5

Who will control the protocol after launch?

Decentralization affects the Howey Test "efforts of others" prong. If a centralized team controls the protocol, tokens are more likely to be securities.

Centralized Team Control

Your company controls protocol upgrades, treasury, and key decisions

Progressive Decentralization

Team controls initially, gradually transfers control to DAO over 2 to 3 years

DAO Governed from Launch

Token holders control all decisions via on chain voting from day one

Fully Immutable Protocol

No upgrades possible, protocol runs autonomously forever