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Tokenizing a share class creates two linked on-chain assets: a fungible SPL mint (used to issue share units to individual stakeholders) and a Metaplex NFT that serves as the class certificate (storing metadata and linking back to the SPL mint). You complete this step once per share class. Until a class is tokenized, no tokens can be minted to any stakeholder holding securities in that class.

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What gets created

When you tokenize a share class, Launchboard creates the following on Solana:
AssetPurpose
Fungible SPL mintThe token supply for this share class — individual share units are minted from here to stakeholder wallets
Metaplex NFTThe class certificate — stores display metadata and contains a reference to the SPL mint address
Launchboard stores the SPL mint address and NFT ID against the share class record so that subsequent minting operations know where to draw from.
Two prerequisites must be met before you can tokenize a share class:
  1. Your organization must have an OASIS Cap Table. If you have not set one up yet, go to Settings → Cap Table and click Create OASIS Cap Table.
  2. An OASIS avatar must be linked. Either the organization owner or the current user (with Admin or Editor role) must have an OASIS avatar connected to their account.
If either condition is missing, tokenization will fail. Set these up before proceeding.

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How to tokenize a share class

1

Go to Cap Table → Classes

In the sidebar, navigate to Cap Table, then select Classes. You will see a list of all share classes in your organization.
2

Find the share class you want to tokenize

Locate the share class in the table. Classes that have not yet been tokenized show a Not Tokenized status indicator.
3

Click Tokenize

Click the Tokenize button on that row. Launchboard calls the OASIS API to create the SPL mint and the class certificate NFT. This typically completes in a few seconds.
4

Confirm the status changes to Tokenized

Once complete, the status indicator updates to Tokenized with a green check. The share class is now ready for token minting.

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Status indicators

StatusWhat it means
Not TokenizedThe share class has no on-chain assets yet. Click Tokenize to proceed.
Tokenized (green check)The SPL mint and class certificate NFT have been created successfully. You can now mint tokens to stakeholders.
Retry TokenizationA previous tokenization attempt failed. Click this button to try again.

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If tokenization fails

If the tokenization attempt fails, the share class will show a Retry Tokenization button. Click it to try again. The most common causes of failure are:
  • Missing OASIS Cap Table — your organization does not have an OASIS Cap Table set up. Go to Settings → Cap Table → Create OASIS Cap Table, then retry.
  • No OASIS avatar linked — neither the org owner nor the current user has an OASIS avatar connected. Link one through your account settings, then retry.
If retrying still fails after confirming both prerequisites are in place, contact support.

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Next step

Once a share class is tokenized, mint tokens to the stakeholders who hold securities in that class.

Mint tokens to wallets

Send SPL tokens from this share class’s mint to individual stakeholder wallets.