Jurisdictional Legal Wrappers
Last updated
Last updated
Every asset tokenized via Tokery is wrapped in an appropriate legal structure. Rather than issuing “naked” tokens that might be deemed unregistered securities, Tokery uses pre-defined legal entities and contracts to contain the asset:
For real estate, this often means placing the property into an SPV (LLC or trust) and tokenizing the ownership of that SPV. Tokery automates the formation of such entities where possible, or uses legal templates tied to jurisdictions. For example, a property in Germany might use a KG or GmbH structure with a BaFin-compliant prospectus if needed, whereas a U.S. property might use a Delaware LLC and a Reg D offering memorandum. Our platform has an array of jurisdiction-specific templates, so the user experience is uniform but under the hood the correct legal framework is applied. This approach was developed with international law firms to ensure compliance.
The token purchase agreements or terms of service for investors are also customized. When an investor buys an RWA token on Tokery’s marketplace, they must digitally sign an agreement (often via click-through) that outlines their rights and restrictions (e.g., “You are buying a token that represents a share in X LLC which owns Y asset” and limitations on resale, etc.). Tokery’s system automatically presents the correct agreement based on the asset’s legal wrapper and the investor’s location (U.S. investors see a US-law document, EU investors see a slightly different one if needed, etc.). This all happens seamlessly during the transaction flow.