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Tokenization is the process of representing your equity ownership records on the Solana blockchain. When you tokenize a share class in Launchboard, the platform creates two linked on-chain assets for that class: a Metaplex NFT that acts as the class certificate, and a fungible SPL token where each unit represents one share. Stakeholders receive SPL tokens directly in their Solana wallets, giving them cryptographic proof of ownership that is publicly verifiable and independent of any single platform.

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What tokenization means in Launchboard

Every share class on your cap table maps to a pair of on-chain assets:
AssetWhat it represents
Metaplex NFTThe share class certificate — holds metadata about the class and links to the SPL mint
Fungible SPL tokenIndividual share units — stakeholders receive these in their Solana wallets
Both assets live on Solana and can be verified using the Solana explorer with the transaction hash stored on each security record.

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Why it matters

Once a security is tokenized, ownership is no longer solely a database record inside Launchboard. The SPL tokens in a stakeholder’s wallet are verifiable on-chain, providing:
  • Cryptographic proof of ownership — the blockchain record is tamper-evident and independently auditable
  • Platform independence — stakeholders can verify their holdings using any Solana explorer without logging in to Launchboard
  • A complete audit trail — every mint transaction is recorded with a transaction hash you can look up on Solana

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The two steps

Tokenization is a two-step process. Both steps must be completed before a stakeholder receives on-chain tokens. Step 1 — Tokenize the share class. This creates the SPL mint and the class certificate NFT for a given share class. You only do this once per class. Until a share class is tokenized, no tokens can be minted to stakeholders. Step 2 — Mint tokens to stakeholder wallets. This sends SPL tokens from the share class mint to each stakeholder’s Solana wallet address. You do this once per security (and again as vesting milestones occur, if applicable).

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Prerequisites

Before you can tokenize, your organization needs two things in place:
  1. An OASIS Cap Table created. Go to Settings → Cap Table and click Create OASIS Cap Table. This sets up the on-chain infrastructure that Launchboard uses to hold mint authority.
  2. Stakeholders must have a Solana wallet address linked. Launchboard uses the wallet address saved on each stakeholder’s profile to deliver tokens. Stakeholders can also connect via an OASIS avatar, which resolves to a wallet automatically.
If your organization does not have an OASIS Cap Table set up, share class tokenization will fail. Create it in Settings → Cap Table before proceeding.

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Three ways to mint tokens

After a share class is tokenized, you can mint tokens to stakeholders through three entry points:
PathApproval required?Vesting-aware?
Securities table → MintYes — linked approval must be Approved or LockedYes — mints cliff/vested amount only
Transactions → Issue Shares or Issue OptionsNoNo — mints full quantity immediately
Tokenize from DocumentNoNo — mints full quantity immediately
The Securities table path is the standard flow for securities that originated from documents or approvals. Issue Shares and Issue Options are faster paths when you want to create and mint in a single step. Tokenize from Document runs automatically after a signed document is merged.

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Next steps

Tokenize a share class

Create the SPL mint and NFT certificate for a share class so tokens can be minted to stakeholders.

Mint tokens to wallets

Send SPL tokens from a tokenized share class to individual stakeholder wallets.