T7X Builds Legal-Grade Tokenized Securities on Blockchain — SkimNews
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- T7X is pioneering a 'native issuance' model for security tokens, where the token is part of the authorized security from inception, ensuring one ownership record across legal and digital systems
- Wyoming law recognizes a 'certificate token,' allowing corporate shares to be represented on a blockchain, a framework T7X uses to legally anchor its tokenized equities
- T7X Equities acts as both issuer and SEC-registered transfer agent in its offerings, maintaining the official shareholder record while blockchain logs transactions for Tranquil Healthcare Fund I, a $75M Reg A+ offering
- Ivan Kan argues most tokenized assets are 'digital wrappers'—77.6% of 593 assets studied by Pantera Capital—lacking legal authorization and true ownership rights
- Pablo Penaloza sees Regulation A+ as ideal for native issuance, enabling public solicitation, non-accredited investors, and retirement account inclusion, unlike Reg D’s accredited-only limits
- Native issuance requires legally enforceable ownership, integrated compliance, and real oversight—what Kan calls 'RWA+'—contrasting with synthetic tokens that merely track price without rights
Why it matters: By embedding tokens within authorized issuance and using regulated transfer agents, T7X makes tokenized shares legally equivalent to traditional ones, enabling retail access and secondary trading for private securities—potentially unlocking trillions in illiquid capital now stuck in paper certificates and self-directed IRAs.
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