Jurisdiction matrix
10 regimes compared by regulator, what is actually licensed, when the regime fits, and the constraint each one carries. Separated by legal perimeter — ADGM, DIFC and VARA are three regulators, not one country.
Independent reference · 2026 edition
Real-world asset tokenization, with the numbers attached
An independent reference for issuers and fund managers deciding where to tokenize, what it costs, and who advises. Every figure carries its source, its scope and the date it was checked.
Most published guidance on tokenizing real-world assets is written by the people selling the service. Of the 130 public cost figures collected for this site, 100 came from providers pricing their own work. Nobody had put them in one place to check them against each other, so the ranges that circulate — quoted in pitch decks and blog posts — have never been reconciled. When you do, a single line like legal structuring runs from a few thousand dollars to several hundred thousand, and the gap is not the market. It is sources measuring different work under the same word.
That reconciliation is what this site is. Not advice, and not a directory of who paid to be listed. A reference you can check, with the source and date on every number.
130
Published figures
100/130
From vendors pricing themselves
19
Providers
10
Jurisdictions compared
Start here
Cost index
130 published figures from 19 providers, normalised into one component grid, with an explicit note on what each range excludes and where sources contradict each other.
Methodology
How figures are collected, what is excluded and why, who pays us, and how to correct something that is wrong.
Who this is for
Issuers and fund managers deciding whether to tokenize, and where. If you are weighing a tokenized real-estate SPV, a tokenized fund, or a security-token raise, the questions that actually cost money are structural: which regime applies, what the legal work runs to, and what you are still on the hook for after the token exists. Those are the questions here.
Compare a decision
Some questions are cross-jurisdictional. If you are weighing where to distribute a tokenized fund, start with Gulf vs Asia fund distribution — licensing framed around who you can sell to, not just where the fund sits.
What this site will not tell you
It will not tell you that tokenization creates liquidity — a token being transferable is not a market, and whitelists, lock-ups and thin demand can still leave you with no exit. It will not name a single best jurisdiction, because the right answer depends on your asset, your investors' locations and your distribution route. And it will not price your project, because no public source honestly can: the published ranges for a single cost component disagree by as much as 10000×. What it will do is show you the disagreement, with each figure's source and date, so you can walk into a quote knowing what a fair one looks like.