Show notes
Welcome to the second and final installment of this two-part case study on fund tokenization. This case study is an addendum to our security tokenization audio documentary, entitled "Tokenize The World," which has +100k downloads. If you haven't heard it yet, check it out at securitytokendocumentary.com.
About this episode:
In this case study, our guest Rob Nance from CityBlock capital is brutally honest about the arduous process of issuing his fund's NYCQ security token.
(Note: if he’d known from the outset how difficult the journey would have been, he might never have started... especially given the bear market, the immaturity of legal precedent, etc.).
Here’s some real talk: I regularly hear people who have never actually issued a security token advising companies to tokenize. In fact, on at least 10 occasions, people have suggested that Nomics -- the company that runs this podcast -- tokenize our equity (as if it were a simple process). Nothing could be further from the truth.
As far as I know, this is the first published end-to-end case study and deep dive on what it actually takes to tokenize.
This case study is broken up into three chapters:
- Chapter 1: Tokenized funds – what they are, how they work, and the benefits they provide.
- Chapter 2: The five steps required to launch a tokenized fund.
- Chapter 3: Rob’s take on what the future looks like.
In the previous episode, we covered Chapter 1 and the beginning of Chapter 2. In today’s episode, we will finish exploring Chapter 2 and conclude with Chapter 3.
In this episode we discuss:
- How to think about finding legal counsel
- What level of diligence is necessary for choosing a security token company
- Key variables of security token providers
- Whether you can fundraise before tokenizing
- Aspects of an offer that are unique to tokenized funds
- The pros and cons of offering investors the option to tokenize
- The value of tokens other than liquidity
- Surprising aspects of token mechanics
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