T7X pitches native issuance model for tokenized stocks as it targets a new market structure
T7X is arguing that most tokenized stocks on the market today are not native blockchain securities at all, but token wrappers built on top of conventional shares held by brokers or custodians. In an essay shared with Decrypt, T7X CMO Ivan Kan said that while such tokens may mirror the price of an underlying stock, the holder is not necessarily the shareholder of record. The company is instead promoting a "native issuance" model in which the token is part of the authorized security from the outset, with issuer approval, investor verification, transfer-agent validation, and blockchain records tied together in a single structure. T7X says this approach fits within corporate-law frameworks in Wyoming, Delaware, and Nevada that recognize blockchain-based electronic share representation. Its first example is Tranquil Healthcare Fund I, a Tier 2 Regulation A+ offering of up to $75 million that the U.S. Securities and Exchange Commission qualified on June 29. T7X Equities, acting as transfer agent, issues tokens representing the fund’s shares on Trusted Smart Chain and delivers them to investor wallets. The company also sees Regulation A+ as a near-term route for offerings below $100 million, especially in the $50 million to $75 million range, while framing secondary-market liquidity and retirement-account access as key advantages.
