Board actions in Launchboard are formal approval records that authorize specific cap table events — issuing equity, minting tokens, or recording a board decision. Before any security can have tokens minted from the Securities table, it must be linked to an approval that has been reviewed, approved by all required parties, and locked. This ensures every on-chain mint has a documented governance decision behind it.Documentation Index
Fetch the complete documentation index at: https://docs.launchboard.xyz/llms.txt
Use this file to discover all available pages before exploring further.
What a board approval is
An approval request is a named governance record with one or more sequential review steps. Each step represents a reviewer (a board member, counsel, or co-founder) who must explicitly approve before the request advances. Once every step is approved, the approval’s overall status becomes Approved. You then lock it — status becomes Locked — to signal that the decision is final and the approval is ready to be used as a gate for minting. Approvals appear on the Governance → Board Actions page (/board-actions), alongside any corporate actions already recorded against your cap table.
Common uses
- Authorizing a new equity grant (stock option or restricted stock)
- Approving the issuance of a new share class
- Recording a board consent to tokenize ownership
- Logging any formal board decision you want tied to your cap table history
Creating and completing an approval
Open Board Actions
Navigate to Governance → Board Actions in the sidebar. Click New Approval to open the creation form.
Name the action
Give the approval a clear, descriptive name — for example, “Board Consent — Series Seed Option Grants” or “Authorization to Tokenize Common Stock”. This name appears in the audit log and on the Securities table when you link the approval to a security.
Add approval steps
Add one step per reviewer. For each step, select the reviewer and optionally label the step (e.g., “CEO sign-off”, “Board member approval”). Steps are completed in order — the next reviewer is notified once the previous step is approved.
An approval with zero steps can never reach Approved status. You must add at least one approval step before submitting.
Submit for review
Click Submit to move the approval from Draft to Submitted status. Reviewers can now act on their assigned steps.
Reviewers approve each step
Each reviewer opens the approval and clicks Approve on their step. Once all steps are approved, the overall approval status automatically becomes Approved and the Lock Approval button appears.
The approval gate for minting
When you mint tokens from the Securities table, Launchboard checks that the security has a linked approval with status Approved or Locked. If no eligible approval is linked, the Mint action is unavailable. To link an approval to a security, open the security’s detail view and select the approval from the Approval field. Only approvals in Approved or Locked status are shown.The approval gate applies specifically to the Securities → Mint path. If you issue shares via Transactions → Issue Shares, minting happens immediately and does not require a linked approval. Use the Securities mint path when securities were created from documents, existing approvals, or manual entry and you want an explicit governance checkpoint before tokens go on-chain.
Approval statuses at a glance
| Status | Meaning |
|---|---|
| Draft | Created but not yet submitted for review |
| Submitted | Sent to reviewers — steps are in progress |
| Approved | All steps approved — Lock button is available |
| Locked | Finalized — eligible to gate token minting |
| Rejected | One or more steps were rejected |
Related pages
Audit log
See every governance approval and cap table event in chronological order.
Tokenization overview
Understand how approvals connect to the on-chain minting flow.