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A security is one stakeholder’s holding in one share class. It represents a specific, discrete equity position: for example, “Jane Doe holds 10,000 shares of Common Stock” or “Alice Chen holds an option to purchase 50,000 shares of Common Stock at $0.50 per share.” Every security has its own certificate ID, grant date, and lifecycle status. Securities live at Cap Table → Securities (Ledger). The ledger is the complete transactional record of your company’s equity — every issuance, transfer, cancellation, and conversion is recorded here.

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Security types

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Security lifecycle

A security moves through several states from creation to on-chain settlement:

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Issuing a security

1

Go to the Securities ledger

Navigate to Cap Table → Securities in the left sidebar.
2

Click Issue security

Select Issue security from the top-right action area. A dialog will open.
3

Choose the security type

Select the type: Stock, Stock Option, Warrant, or Convertible. The form fields adjust based on the type you choose.
4

Select the stakeholder and share class

Pick the stakeholder who will hold this security and the share class it belongs to. Both must already exist — create them first if needed.
5

Enter the quantity and pricing

Enter the quantity (number of shares or units). For options and warrants, enter the exercise price per share. For stock, enter the price per share paid.
6

Set the grant date

Enter the grant date — the date the security was officially issued or granted. This is required for all security types.
7

Attach vesting terms (optional)

For options and restricted stock, you can link a set of vesting terms from your equity plan. Vesting terms control when the stakeholder’s shares become exercisable or fully owned.
8

Save the security

Click Create. The security appears in the ledger with status Active. It can now be sent for signature and, once signed, minted on-chain.
The fastest path to issuing shares and minting tokens in one step is Transactions → Issue Shares. This flow creates the security and mints the corresponding SPL tokens immediately, without requiring a separate approval. Use this for straightforward initial issuances.

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Viewing the ledger

The Securities ledger shows every position in your company. You can filter by security type (STOCK, STOCK_OPTION, WARRANT, CONVERTIBLE) or by stakeholder. Each row shows the certificate ID, holder, share class, quantity, grant date, and current status. Click any row to open the security’s detail view, where you can see its full history, linked documents, vesting schedule, and on-chain transaction hash (if minted).

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Minting tokens to a stakeholder

Once a security exists in the ledger, you can mint the corresponding SPL tokens to the stakeholder’s Solana wallet. There are two paths: Direct issuance (no approval required) Use Transactions → Issue Shares or Transactions → Issue Options. This creates the security and mints tokens immediately. The share class must already be tokenized and the stakeholder must have a Solana wallet address on their record. Mint from an existing security (approval required) For securities created through document merges, manual entry, or governance approvals, use the Mint action on the security row. Before you can mint:
  1. The share class must be tokenized.
  2. The security must have a linked governance approval with status Approved or Locked.
  3. The stakeholder must have a Solana wallet address or a linked OASIS avatar.
Minting an existing security without a linked approval is intentionally blocked. This ensures that tokens only go on-chain after the appropriate governance sign-off has been recorded. If you need to bypass this for a specific case, use the direct issuance path instead.

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Vesting and token release

For securities with vesting terms, Launchboard mints only the cliff amount (the shares that vest immediately at the cliff date) when you first mint. After the cliff, vesting releases are processed daily and additional tokens are minted to the stakeholder’s wallet as each tranche vests. The Quantity Vested field on the security tracks how much has been minted so far.