Overview
DigiShares provides a white-label Software-as-a-Service platform for tokenizing real-world assets. The company targets real estate developers, fund managers, and companies seeking to tokenize ownership of physical assets, equity, or debt instruments. Clients use DigiShares' platform to create, manage, and trade tokenized securities with built-in compliance features.
The white-label approach means DigiShares doesn't issue its own tokenized assets — instead, it provides the technological infrastructure for others to do so. This B2B model avoids the challenge of directly sourcing and managing assets but limits the company's control over the quality and success of tokenized offerings on its platform.
Founded in Denmark, DigiShares operates in the European regulatory environment, which has been more progressive than the U.S. regarding security token regulations (particularly with the EU's DLT Pilot Regime and MiCA framework). This regulatory positioning is an advantage for European clients.
The platform supports various blockchain networks and can deploy tokenized assets on Ethereum, Polygon, and other chains depending on client needs.
Technology
DigiShares' technology stack includes:
- Token Issuance Engine: Configurable token creation with built-in compliance rules (transfer restrictions, investor caps, lock-ups)
- Investor Management: KYC/AML verification, accredited investor checks, investor onboarding workflows
- Cap Table Management: On-chain cap table tracking with corporate action support (dividends, voting)
- Secondary Trading: Built-in marketplace for peer-to-peer trading of tokenized assets with compliance checks
- Multi-chain Support: Deployable on various EVM-compatible chains
The technology is competent for the use case — compliance-first tokenization requires complex rule engines that DigiShares implements at the smart contract level. Transfer restriction logic ensures tokens only move between verified investors, meeting securities regulations.
Asset Quality
As a white-label platform, DigiShares' asset quality depends entirely on its clients. The platform has been used for real estate tokenization projects in Europe, equity tokenization for SMEs, and other asset types. The quality of tokenized assets varies by project.
The platform's compliance tools help ensure that only properly structured offerings are launched, but DigiShares doesn't guarantee asset quality — that responsibility falls on the issuing company.
Compliance
Compliance is DigiShares' strongest attribute. The platform is designed from the ground up for regulatory compliance:
- Built-in KYC/AML verification workflows
- Transfer restrictions based on investor jurisdiction and accreditation
- Compliance with EU securities regulations and DLT Pilot Regime
- Configurable rules for different regulatory jurisdictions
- Corporate governance support (voting, dividend distribution)
This compliance-first approach is essential for legitimate security token offerings and differentiates DigiShares from DeFi tokenization platforms that often lack regulatory compliance.
Adoption
Adoption is limited but real. DigiShares has onboarded clients for real estate and equity tokenization, primarily in Europe. The number of active issuances and total tokenized asset value is modest compared to larger competitors like Securitize or Tokeny.
The B2B model means growth is measured in client deals rather than user numbers. Each new client represents a meaningful step, but deal cycles for enterprise tokenization are long and complex.
Tokenomics
DigiShares has a DIGI token, but its utility is limited. The token is used for platform fee discounts and governance, but the core business model is SaaS revenue from clients rather than token-driven economics. The DIGI token trades with limited liquidity on small exchanges.
The disconnect between the B2B SaaS business model and the token's limited utility creates questions about whether the token is necessary at all.
Risk Factors
- Small scale — limited number of active clients and tokenized assets
- Competition — Securitize, Tokeny, Polymesh, and others are better funded
- Token utility — DIGI token has limited practical utility
- Market maturity — RWA tokenization market is still early and adoption is slow
- Enterprise sales cycle — long deal cycles for B2B enterprise sales
- Regulatory evolution — changing regulations could require costly platform updates
Conclusion
DigiShares scores 3.8, reflecting solid compliance infrastructure and a sensible B2B approach to tokenization, offset by limited scale and intense competition. The white-label model is strategically sound — providing picks and shovels rather than mining directly. However, DigiShares is a small player in a market where Securitize, Tokeny, and Polymesh have raised significantly more capital and secured larger clients. For DigiShares to succeed, it needs to either capture a significant share of the European tokenization market or find a niche where its specific capabilities outperform larger competitors.