Through which path will you lead your company?
We are on the brink of leaping into the world of tokenization. Assets are being tokenized, bringing countless advantages and new opportunities for all companies and individuals. The prerequisite: you need to prepare your company and take the necessary steps.
But how does this crucial leap work, and which paths lead to the desired goals?
StegX has created a guideline for the C-Suites to help make the right decision. Here, you will learn the pros and cons of the three possible solutions. As the brain of your company, you know best which solution your company needs.
Before we introduce the three solution paths, you need to assess how well your company is positioned to implement tokenization and what goals you aim to achieve.
Ready, steady & go?
- What strategic goals are you pursuing with your company?
- What growth objectives are you aiming for?
- Does digitalization through tokenization help you?
To better answer these questions, we provide some approaches that tokenization changes:
- Does customer experience improve?
- Does tokenization enable new revenue streams?
- What competitive advantages do you create for your company?
- How are your long-term business objectives promoted?
Innovation Potential
- How is operational efficiency promoted?
- How far can customer engagement be enhanced?
Future Readiness
- Is your company technically well-positioned to adapt to tokenization?
- What market position can you sustainably and long-term secure for your company?
Have you answered these questions, or are you already aware of the benefits? Then let's move on to the possible solutions:
In-House Development: Build Your Own Solution
Develop your own tokenization technology with the help of your own team. Manage the entire project including:
- Project lifecycle
- Programming
- Further development
- Legal structuring
- Business case creation
Advantages
- You have maximum control over the project.
Disadvantages
- You bear full responsibility, so you urgently need significant internal expertise and all the resources to sustainably shape the project.
Outsourced Technology with Internal Management
Outsource the development of tokenization technology. Look for partners with long-standing experience in the field and specialized in tokenization. Form a team of internal and external partners and stakeholders who will fully take care of the project.
Handle:
- Coordination
- Development
- Legal structuring
- Licensing
- Business case creation
Outsource all IT.
Advantages
- You have co-determination opportunities.
Disadvantages
- You face a significant bureaucratic workload and must provide HR capacities.
- Combining an internal and external team can lead to communication issues and misunderstandings.
Turnkey-Solution: All-in-One Stop Shop
A comprehensive solution that is ready to go. All necessary measures are prepared and taken care of, including:
- Technology
- Legal structures
- Licenses
- Business case development
Start with a seamless implementation:
- End-to-end solution
- Built-in ecosystem partnerships
- Support in all areas
When considering tokenization, it’s essential to create a comprehensive project framework that addresses key areas of strategic alignment, asset suitability, and legal/regulatory outlook. This will help ensure the successful implementation and integration of tokenization into your business.
You need to develop an in-depth and comprehensive plan for the following points:
- Strategic Alignment
- Asset Suitability & Valuation
- Legal & Regulatory Outlook
- Technology Infrastructure & Processes
Feel free to contact us via our website, phone, email, or LinkedIn so we can help you gain deeper insights into the world of the tokenization framework. This will ensure that the leap into modernity seamlessly aligns with your current setup.
In summary, it is now clear that a proper analysis of the company is necessary to choose the right tokenization strategy. Human resources, time, and knowledge are indispensable qualities that your company needs in abundance. With StegX, you have the all-in-one stop-shop solution, ensuring the update of your company happens smoothly in the background!
Focus on what you and your team do best - investing and managing. We take care of the rest!
Feel free to contact us with any questions. We are here for you and can explore the world of tokenization together.
