PHASE 02 / 06
Tokenization Structures
Connect tokens to issuers, legal arrangements and the assets behind them.
The academy is in its editorial foundation stage. Curriculum outlines are public; lessons are published only after source verification and human review. Editorial policy
07Published
How Asset Tokenization Works
Map the legal, operational and technical steps connecting an asset to a token.
IssuanceRedemptionRegistry
What you will learn
- Map issuance and redemption workflows
- Identify offchain dependencies
08Published
Issuer-sponsored vs Third-party Tokenization
Compare an issuer-maintained token record with a representation created by another party.
IssuerIntermediaryAuthorization
What you will learn
- Identify the party authorizing a token
- Locate added intermediary obligations
09Published
Token Ownership vs Legal Ownership
Test whether control of a token corresponds to a documented legal entitlement.
OwnershipLegal rightsToken control
What you will learn
- Distinguish ledger control from legal entitlement
- Identify documents needed to verify rights
10Published
SPVs, Issuers, Custodians and Transfer Agents
Assign distinct responsibilities to the organizations behind an asset structure.
SPVCustodianTransfer agent
What you will learn
- Map responsibilities across participants
- Identify accountability gaps
11Published
Tokenized Treasuries and Funds
Distinguish a government security from a share in a vehicle holding government securities.
Treasury exposureFundRedemption
What you will learn
- Distinguish direct debt from fund exposure
- Read redemption and distribution terms
12Published
Tokenization Economics
Build a cost model that includes issuance, custody, compliance and servicing.
CostServicingScale
What you will learn
- Identify recurring and one-off costs
- Compare costs with measurable operational benefits