What is Stobox? All You Need to Know About the RWA Crypto That Made a 5,000% Gain

Stobox (STBU) has ridden the hype around the potential of real-world asset (RWA) tokenization, gaining over 5,000% in 2023. 

In our quest to help our readers understand the various crypto projects better, we explain what Stobox is, and also talk about real-world tokenization examples and the potential of the market.

What is Stobox (STBU)?

Stobox is a blockchain solutions provider that creates products and services for the issuance, management, and trading of compliant crypto tokens. Stobox calls itself a “turnkey tokenization provider.”

The company differentiates itself from the competition by providing an end-to-end, customized, legally compliant crypto token issuance service.

According to its official website, the project has been around for five years and was founded by Gene Deyev, Ross Shemeliak, and Borys Pikalov.

The services provided by Stobox include:

1. Consulting for security token offerings (STO) and RWA tokenization.
2. Legal consulting services for compliant and regulated tokenization.
3. Digital assets advisory services – technical implementation, utility token model assessment, token financial modeling, and decentralized finance (DeFi) navigation.

The products provided by Stobox include:

1. DS Dashboard: A software that provides businesses with tools to create and manage STOs, set compliance rules, and monitor assets.
2. Soulbound ID: Soulbound IDs are non-transferable tokens representing their owner’s personal information on the blockchain. Soulbound IDs are used to access the Stobox digital asset ecosystem with single sign-on.
3. DS Swap: DS Swap is an EVM-compatible decentralized exchange (DEX) for security tokens. Token issuers can use DS Swap to manage liquidity pools and automated market-making (AMM) functionality.

Stobox has two tokens – the Stobox Security token (STBX) and the Stobox token (STBU).

We will explain the STBX token and STBU token in detail later.

Real World Asset Tokenization Examples by Stobox

Here are examples of how businesses have tokenized real-world assets using Stobox’s solutions:

Candela

In 2023, Stobox helped Candela – a luxury residential real estate project in Mexico – launch the Candela token. The Candela tokens represented ownership in the luxury residential project.

Tokenization allowed fractional ownership, allowing investors to participate for a minimum amount of 5,000 USDC.

According to Stobox, token holders can benefit from discounts at Candela’s properties, access to special events, and rental returns.

Farmland Assets 

In 2022, Stobox launched an STO for a US-based agricultural firm called Farmland Assets.

The company wanted to raise up to $30 million to purchase additional farmland to grow specialty crops.

Using the DS Dashboard, Stobox structured an STO for Farmland Assets and made their security tokens available to investors worldwide.

What is the Stobox Security token (STBX)?

The Stobox Security token is a security token that represents an ownership stake in Stobox Holdings Limited. Each STBX token is backed by a Class-A share of Stobox Holdings Limited on a 1:1 basis.

The STBX token exists on the Ethereum blockchain. At the time of writing, the maximum supply of STBX tokens stood at 10 million. The STBX token had 51 holders, Etherscan data showed.

At the time of writing, STBX tokens cannot be bought in the open market. They are not available on Ethereum-based DEX, such as Uniswap.

Stobox is planning on introducing secondary market trading of STBX tokens on DS Swap.

What is the Stobox Token (STBU)?

The Stobox token, or STBU, is a utility token that grants holders benefits and additional functionality when using Stobox products and services.

Here are the uses of the Stobox token:

• Subscription services: STBU token is used to pay for Stobox products subscription services.
• Compliance payments: STBU token is used for wallet and transaction compliance procedures.
• DS Swap: STBU tokens are used to pay gas fees on the DS Swap decentralized exchange.
• Discounts and rewards: STBU token holders can access Stobox ecosystem discounts and rewards.

Tokenomics of STBU

Here are some important points about the tokenomics of the STBU token:

• The STBU token exists on three different blockchains – Ethereum, BNB Chain, and Polygon.
• The maximum supply of STBU tokens is capped at 100 million tokens.
• The circulating supply of STBU tokens stands at 89.87 million tokens as of 25 December 2023. 
• STBU token held a market capitalization of $10.91 million, making it the 934th largest crypto in the world as of 25 December 2023.
• STBU token’s all-time high stands at $0.501, reached on 10 November 2021.
• At the time of writing, the STBU token was trading at $0.12, 76% below its record high.

How to Buy Stobox Token?

You can buy Stobox tokens on centralized exchanges (CEX) and DEXs. Here is a list of exchanges where you can Stobox tokens, according to CoinMarketCap:

CEX:

• Gate.io
• XT.com
• Qmall Exchange

DEX:

• Uniswap

The Future of RWA Tokenization

RWA tokenization is a popular crypto market narrative that is gaining popularity and momentum. Many crypto industry insiders believe that the global audience is finally understanding the benefits of representing real-world assets such as real estate, fine art, credit, treasury bonds and notes, and precious metals as digital tokens on a blockchain.

We are seeing an encouraging trend of traditional finance companies tapping the power of blockchain technology to leverage the benefits of fractionalized ownership, decentralized trading, and property rights transparency.

Tokenization enables the ownership rights of illiquid assets such as real estate and fine art to be broken down into thousands of digital tokens. Tokenization not only brings down the entry barrier for small investors but also allows these illiquid assets to trade seamlessly and instantaneously in the form of tokens on the blockchain.

For intangible assets such as copyrights, trademarks, and patents, tokenization allows intellectual property to be stored immutably and verified – permissionlessly on the blockchain.

Meanwhile, tokenization of credit markets allows bond issuers to reach an audience that is not restricted by geographies.

It is not difficult to see the potential of RWA tokenization. It comes as no surprise that the token has seen immense interest in 2023, having gained over 5500% in 2023.

We also mentioned RWA tokenization as one of the top 5 crypto market trends and technologies to watch out for in 2024.

The Bottom Line

We will end this article with an important reminder that a cryptocurrency’s past performance does not guarantee future returns. With this in mind, we urge readers to do their own research (DYOR) and to be mindful of fear-of-missing-out (FOMO) when investing in cryptocurrencies. Remember, cryptocurrencies are extremely volatile and considered risky investments.

This article should not be considered investment advice and is for information purposes only.