Platform comparison

Libertum vs Tokeny

Tokeny is a Luxembourg-based tokenization company, part of Apex Group, that introduced the T-REX protocol now known as ERC-3643 and sells the T-REX Platform and T-REX Engine. Libertum also issues ERC-3643 tokens, adds Cardano and XRP Ledger standards, publishes its pricing, and holds an El Salvador DASP licence.

Last updated:

This comparison is based on public information on each company’s own website as of 16 October 2026. Features, pricing and regulatory status change, so check with each provider directly. “Not publicly stated” means we did not find the information on that company’s public website on that date. Corrections are welcome via the contact form on this site. Trademarks belong to their respective owners. This page is not investment or legal advice.

Where Libertum stands out vs Tokeny

Tokeny provides the ERC-3643 technology. Libertum issues ERC-3643 tokens too — and adds regulated entities, custodian wallets built into the platform, sponsored gas at checkout, structuring, investor distribution and co-listing across partner marketplaces.

Regulated & licensed

Regulated entities in El Salvador, the United States and the UAE

Libertum, S.A. de C.V. is registered with El Salvador’s National Digital Assets Commission (CNAD) as a Digital Asset Service Provider: registry entry PSAD-0094, granted 31 August 2026 under resolution CNAD-CD-477-2026, for the services in Art. 19 (a), (d) and (f) 1–2 of the Digital Assets Issuance Law — custody, exchange and transfer of USDT and USDC and receipt and transmission of client orders, with RLUSD custody approved. It is a CNAD-supervised entity that reports quarterly, and the registration covers these services in El Salvador. It is also registered as a Bitcoin Service Provider (7 October 2024).

Libertum LLC is registered with FinCEN as a Money Services Business (no. 31000312444528, effective 8 October 2025), and Al Xolame Assets Real Estate L.L.C holds a Dubai commercial licence for real estate. These registrations do not authorise Libertum to issue securities: each issuer remains responsible, with its own counsel, for its offering.

Tokeny’s website cites SOC 2 compliance and smart-contract audits but does not state that Tokeny holds a financial licence.

  • El Salvador

    Libertum, S.A. de C.V.

    Digital Asset Service Provider

    Comisión Nacional de Activos Digitales (CNAD)

    Registry entry no.: PSAD-0094 31 August 2026

  • El Salvador

    Libertum, S.A. de C.V.

    Bitcoin Service Provider

    Gobierno de El Salvador

    Registration code: 66ff15fce8a00a3181b8f26d 7 October 2024

  • United States

    Libertum LLC

    Money Services Business registration

    Financial Crimes Enforcement Network (FinCEN)

    MSB registration no.: 31000312444528 8 October 2025

  • Dubai, UAE

    Al Xolame Assets Real Estate L.L.C

    Commercial licence — real estate

    Dubai Department of Economy and Tourism

    Commercial licence no.: 1374511

See our licences and registrations

  • Built-in custodian wallets

    Platform-managed custodian wallets for investors and issuers on EVM networks, Cardano and the XRP Ledger (enabled per deployment), so no third-party wallet is needed to invest.

    Custodian Wallet

  • Investors pay no network fees at checkout

    When an investor pays from the custodian balance, gas is sponsored and billed to the offering’s issuer. Investors are never charged network fees for XRP Ledger transactions.

    How checkout works

  • Payment methods and currencies

    Investors pay by card, bank wire, USDC or USDT on EVM, RLUSD or USDC on the XRP Ledger, or from their custodian balance. Card and wire payments settle in USD, EUR or GBP, chosen per offering.

    Investor guide

  • Structuring module

    Offering-pack drafting software for issuers, with jurisdiction packs for the Cayman Islands (CIMA, published) and, in Beta pending counsel review, El Salvador (CNAD), the US (SEC Reg D / Reg S) and the EU (MiCA). Drafts are for review by your own counsel; it is not legal advice.

    Structuring

  • Distribution Hub to raise capital

    An investor CRM and pipeline for your raise — contacts, organisations, campaigns and introductions — with optional Libby AI investor discovery, enrichment and matching. Tokeny states distribution through the DINO Distribution Network and DeFi connectivity.

    Distribution Hub

  • Co-listing across Libertum marketplaces

    Through the Ecosystem Directory, an issuer can ask other Libertum-powered marketplaces to host its approved offering. Once a host accepts, that platform’s investors can invest through the same token and cap table — more reach without a second issuance.

    Ecosystem Directory demo

  • Penetration tested and audited by Hashlock

    Independently penetration tested and audited by Hashlock — rated ‘Secure’ (Oct 2025 blackbox penetration test of the T-Suite web applications; no critical or high-severity findings), plus Hashlock smart-contract audits. See the audits and the penetration-test report. Tokeny cites SOC 2 compliance and third-party smart-contract audits.

    Security at Libertum

  • Multiple jurisdictions, networks and currencies

    Regulated entities in El Salvador, the US and the UAE; structuring packs for El Salvador, the US, the EU and the Cayman Islands; tokens live on Base, Ethereum, Polygon, Arbitrum, Cardano and the XRP Ledger. Tokeny is Luxembourg-based, part of Apex Group, and states support for any EVM chain.

    Token standards and networks

What is Tokeny?

Tokeny is a tokenization company for financial institutions issuing, managing and distributing tokenized securities. According to its website it was founded in 2017, is based in Luxembourg (Tokeny sàrl) and is part of Apex Group.

Tokeny states that it introduced the open-source T-REX protocol in 2018, which the Ethereum community recognised as ERC-3643 in 2022. Its products are the T-REX Platform, described as a white-label turnkey solution with servicing and investor apps, and the T-REX Engine, a set of APIs for identities, assets and offers. Its website cites SOC 2 compliance and third-party smart-contract audits; it does not state that Tokeny holds a financial licence.

What is Libertum?

Libertum is a tokenization software company. Its platform, T-Suite, lets issuers and asset managers create, offer and manage tokens on EVM networks, Cardano and the XRP Ledger, under their own brand on the plans that include the white-label platform.

Optional add-ons cover investor distribution (Distribution Hub and Libby AI), document preparation (Structuring, Beta), fund administration software (Funds) and stablecoins (Stablecoin Studio). Pricing is published on the plan page, which is authoritative.

Libertum, S.A. de C.V. holds an El Salvador Digital Asset Service Provider (DASP) licence from the CNAD, registry entry PSAD-0094. It covers custody, exchange and transfer of USDT and USDC and receipt and transmission of client orders, has effect in El Salvador only, and does not authorise issuance. Libertum is not a broker-dealer, an alternative trading system or a transfer agent of record. Every offering also receives a publicly verifiable Smart Contract Certificate, which is Libertum’s own technology certificate, not a regulatory approval.

Libertum vs Tokeny: feature comparison

Based on each company's public website, checked 16 October 2026.
FeatureLibertumTokeny
Token standards ERC-3643, ERC-20, ERC-721 (EVM); CIP-113, CIP-20 (Cardano); XRPL issued currencies and XLS-33 MPT (token standards) ERC-3643 (T-REX) with ONCHAINID for investor identity
Networks (mainnet) ERC-3643 on Base, Ethereum, Polygon and Arbitrum; ERC-20 on Base and Ethereum; ERC-721 on Base; Cardano mainnet; XRP Ledger States support for any EVM chain; names Polygon, Avalanche and Klaytn in its history. Full list not publicly stated
Compliance model Enforced on-chain with ERC-3643, CIP-113, XRPL issued currencies with authorised trust lines and XLS-33 MPT with authorisation. ERC-20, ERC-721, CIP-20 and plain XRPL issued currencies do not enforce compliance in the token On-chain: ERC-3643 offering-level rules plus ONCHAINID investor-level rules block transfers to ineligible holders
White-label Own brand and custom domain, included with Issuer Starter, Issuer Growth, AM Starter, AM Pro and Enterprise (white-label) T-REX Platform described as a white-label turnkey solution; custom domain not publicly stated
Licences / regulatory status Libertum, S.A. de C.V. holds an El Salvador DASP licence from the CNAD (PSAD-0094) for custody, exchange and transfer of USDT and USDC and receipt and transmission of client orders. El Salvador only; it does not authorise issuance (licences). Libertum LLC is registered with FinCEN as a Money Services Business (31000312444528, US), and Al Xolame Assets Real Estate L.L.C holds a Dubai commercial licence (real estate). Not publicly stated (cites SOC 2 compliance and smart-contract audits, which are not licences)
Pricing transparency Published: plans from $299 to $999 a month, Pay Per Listing $499 per listing, distribution fee 1% of capital raised (min. USD 5, charged to the issuer) (plans) Not publicly stated
Secondary trading P2P order book, live on Base mainnet only Compliant P2P transfers in its Investor App; T-REX Engine offers secondary-market controls. No own trading venue stated
Fund tooling Funds add-on ($1,000 a month, access by request): software for fund administrators (on-chain NAV packs, dealing, reconciliation). The administrator remains NAV calculation agent and transfer agent Funds listed as a use case; fund-administration features not publicly stated on the pages reviewed
Investor distribution / CRM Distribution Hub investor CRM ($149 a month); Libby AI ($349 a month, requires the Hub) States distribution to open networks, DeFi connectivity and the DINO Distribution Network
Token import / migration Token Import: every import starts read-only (Mirror); EVM tokens can move to Operate after the issuer grants roles. Cardano and XRPL imports are read-only Not publicly stated
In-platform custodian wallet Yes — built-in custodian wallets for investors and issuers on EVM, Cardano and XRPL, enabled per deployment (Custodian Wallet) not publicly stated on the pages we reviewed
Gas sponsored for investors Yes — investors pay no network fees at custodian checkout (billed to the issuer); never charged gas on XRPL not publicly stated on the pages we reviewed
Payment methods & currencies Card, bank wire, USDC/USDT on EVM, RLUSD/USDC on XRPL, or custodian balance; card and wire settle in USD, EUR or GBP, chosen per offering not publicly stated on the pages we reviewed
Structuring module Yes — Structuring add-on: drafting software with packs for the Cayman Islands (published) and, in Beta, El Salvador, US (Reg D / Reg S) and EU (MiCA); drafts for your own counsel (Structuring) not publicly stated on the pages we reviewed
Co-listing across platforms Yes — Ecosystem Directory: an approved offering can be hosted on other Libertum-powered marketplaces, with the host’s approval not publicly stated on the pages we reviewed
Security Hashlock penetration test: rated ‘Secure’ (Oct 2025); smart contracts audited by Hashlock (audits) (security) Cites SOC 2 compliance and third-party smart-contract audits
Jurisdictions Regulated entities in El Salvador, the US and the UAE; structuring packs for El Salvador, US, EU and Cayman Islands; mainnets: Base, Ethereum, Polygon, Arbitrum, Cardano, XRP Ledger Luxembourg-based (part of Apex Group); any EVM chain

Both platforms issue ERC-3643 tokens. ERC-3643 is an open standard: using it does not by itself make two platforms’ tokens interchangeable.

Which should you choose?

Tokeny and Libertum overlap most on ERC-3643 issuance, so the differences are mostly in scope, networks, pricing model and corporate backing.

  • Tokeny is likely the better fit if you want the team that introduced T-REX/ERC-3643, an API-first engine to embed in your own systems, or a provider that is part of a large fund-services group (Apex Group).
  • Tokeny is also likely the better fit if you need EVM chains beyond Base, Ethereum, Polygon and Arbitrum, where Libertum’s ERC-3643 is live today.
  • Libertum is likely the better fit if you want published, self-serve pricing, or issuance on Cardano or the XRP Ledger alongside ERC-3643 on EVM.
  • Libertum is likely the better fit if you want investor CRM (Distribution Hub), document preparation (Structuring) and a P2P order book in the same product.

Can I move an existing token to Libertum?

Libertum’s Token Import brings an existing token into T-Suite. On supported EVM networks it accepts ERC-3643, ERC-20 and ERC-721 tokens; Cardano and XRP Ledger tokens can be imported read-only. Every import starts as Mirror: a read-only cap table and history, with no ability to move, mint or freeze anything. For an EVM token, the issuer can then move to Operate by granting Libertum the roles shown in the app, or by handing control to their organisation’s custodian wallet. Whether a specific token qualifies depends on its contract and network, so we check it with you first.

ERC-3643 is one of the standards Token Import accepts. Whether a specific T-REX token can be imported, and whether it can move to Operate, depends on its contract version, its network and the roles the issuer can grant.

Watch: importing an existing token

A short T-Suite demo of Token Import: the token arrives read-only as Mirror, and an EVM token can then move to Operate.

Transcript: Token Import demo

Already issued a token elsewhere? Bring it with you.

Switching platforms usually means a migration, a re-issue and a holder spreadsheet.

Imported tokens lists everything you've brought in, on EVM chains and the XRP Ledger.

Pick the network, paste the contract, and Libertum reads the standard, name and supply from the chain.

Prove control: your on-chain role is found, you sign one message, and nothing on the contract changes.

Name the offering and import it.

The history is rebuilt from the chain and checked against it. The cap table is live.

Every transfer is in the journal, with pre-import entries marked external.

Investors claim their holdings: Anna signs once from her wallet, and her tokens never move.

The holding appears in her statements, read from the chain.

Your contracts stay yours. Libertum starts read-only and lists the roles to grant.

On EVM, grant them from your wallet and the token moves to Operate: issue, freeze, register identities, list for sale.

XRP Ledger and Cardano tokens import read-only, and history that can't be rebuilt is flagged.

For issuers and fund administrators: bring your tokens, and run them in one place. Book a demo at libertum.io.

Related

Frequently asked questions

Does Libertum use the same ERC-3643 standard as Tokeny?

Yes. Libertum issues ERC-3643 (T-REX) tokens on Base, Ethereum, Polygon and Arbitrum. Tokeny states that it introduced the T-REX protocol, which became ERC-3643. See our ERC-3643 guide.

Can I import a token issued on Tokeny into Libertum?

Possibly. Token Import accepts ERC-3643 tokens on supported EVM networks. Every import starts read-only (Mirror); moving to Operate requires the issuer to grant roles. Whether a given token qualifies depends on its contract and network.

Which is cheaper, Libertum or Tokeny?

We cannot compare them on public information. Libertum publishes its plans and fees on its plan page; Tokeny does not state pricing on its public website.

Is either company licensed to issue securities for me?

Neither replaces your own authorisations. Tokeny’s website does not state that it holds a financial licence. Libertum, S.A. de C.V. holds an El Salvador DASP licence (PSAD-0094) that does not authorise issuance; issuers remain responsible, with their counsel, for their offerings.

Do both offer white-label?

Yes. Tokeny describes the T-REX Platform as a white-label turnkey solution. Libertum’s white-label platform, with your brand and custom domain, is included in the Issuer, AM and Enterprise plans.

Which offers built-in investor wallets and sponsored gas, Libertum or Tokeny?

Libertum includes platform-managed custodian wallets for investors and issuers on EVM networks, Cardano and the XRP Ledger (enabled per deployment), and investors pay no network fees at custodian checkout: gas is sponsored and billed to the offering’s issuer. For Tokeny, built-in investor wallets and sponsored gas are not publicly stated on the pages we reviewed.

Can I reach investors on other platforms with Libertum?

Yes. Through the Ecosystem Directory, an issuer can ask other Libertum-powered marketplaces to host its approved offering; once a host accepts, that platform’s investors can invest through the same token and cap table. Distribution Hub and Libby AI add an investor CRM and AI investor discovery.

Has Libertum's platform been independently security tested?

Independently penetration tested and audited by Hashlock — rated ‘Secure’ (Oct 2025 blackbox penetration test of the T-Suite web applications; no critical or high-severity findings), plus Hashlock smart-contract audits. See the audits and the penetration-test report. More on our security page.

Sources

Last checked:

  1. Tokeny: homepage — Products (T-REX Platform, T-REX Engine); part of Apex Group; any-EVM support; DINO Distribution Network and DeFi connectivity; white-label feature
  2. Tokeny: T-REX Platform — White-label turnkey solution; any EVM blockchain; investor onboarding and KYC/AML; compliant P2P transfers; no pricing
  3. Tokeny: T-REX Engine — API groups (identities, assets, offers) incl. secondary-market controls; no pricing
  4. Tokeny: About us — Founded 2017, Tokeny sàrl Luxembourg, part of Apex Group; T-REX introduced 2018, recognised as ERC-3643 in 2022; Polygon, Avalanche, Klaytn; SOC 2 and audits; no licence stated
  5. Tokeny: ERC-3643 — ERC-3643 open source; ONCHAINID investor-level rules and token-level compliance
  6. Libertum docs: Licences — DASP licence PSAD-0094 scope and limits; Smart Contract Certificates
  7. Libertum docs: Plans and pricing — Libertum plans, add-ons, transaction fees and white-label inclusion
  8. Libertum docs: Token standards — Libertum token standards and on-chain compliance
  9. Libertum docs: Issuer guide (Token Import) — Token Import Mirror and Operate tiers
  10. Libertum docs: Investor guide (secondary market) — P2P order book is the live secondary-market model
  11. Libertum docs: Funds — Funds is software for administrators; the administrator remains NAV calculation agent and transfer agent
  12. Libertum docs: Distribution Hub — Distribution Hub investor CRM
  13. Libertum: Licences and registrations — Regulated entities, registry numbers and scope (El Salvador, US, UAE)
  14. Libertum docs: Custodian Wallet — Custodian wallets on EVM, Cardano and XRPL; sponsored gas at custodian checkout; payment methods
  15. Libertum docs: Structuring — Jurisdiction packs and Beta status; drafting software, not legal advice
  16. Libertum docs: Whitelabel Platform (Ecosystem Directory) — Hosting offerings on other tenants' marketplaces
  17. Hashlock: Libertum audits — Hashlock's audits and tests for Libertum
  18. Hashlock: blackbox penetration-test report — Oct 2025 test; T-Suite web applications; rated 'Secure'
  19. Hashlock: Libertum smart-contract audit report
  20. Hashlock: Libertum bonding smart-contract audit report

See how Libertum fits your assets

Walk through T-Suite with our team and compare it with Tokeny against your own requirements.

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