Permissioned token issuance platforms compared by regulatory route, token standards, chain support, operating model, lifecycle coverage, and deployment track record. Platforms evaluated include Tokeny, Taurus, Zoniqx, Bitbond, Brickken, Cashlink, Securitize, and DigiShares. Bitbond, Taurus, and Cashlink support Stellar.
Permissioned token issuance requires infrastructure matching regulatory needs, preferred standards, and chain support. Seven platforms serve different issuer profiles: Tokeny excels in ERC-3643 post-Apex acquisition; Taurus offers multi-standard support including Stellar SAC and SEP-41; Zoniqx focuses on ERC-7518 with distribution integration; Bitbond provides self-serve tools across 11 chains including Stellar; Brickken targets SMEs with monthly pricing; Cashlink serves EU eWpG bond issuers as BaFin-regulated registrar and custodian; Securitize combines regulated transfer agency and brokerage. The article evaluates each against six criteria: regulatory footprint, on-chain token standards, supported networks, operating model (self-serve to full-service), end-to-end lifecycle coverage, and verified deployment track record.
