Tokenization Platform Comparison 2025
For foundational context on tokenization, see our Ultimate Guide to Tokenization and RWA. For compliance and legal requirements, explore our Tokenization Legal Structure guide.: Features, Costs & Market Leaders
Platform comparison focus: This article compares platforms. For comprehensive enterprise tokenization guidance, see Best Tokenization Platforms 2025: Enterprise Comparison Guide.
Choosing the right tokenization platform is critical. Each platform has different strengths, pricing, and regulatory support. This guide compares the major players.
Platform Comparison Matrix#
| Feature | Pedex | Securitize | Polymath | Coinbase | Stellar |
|---|---|---|---|---|---|
| Regulatory Support | 15+ jurisdictions | 50+ countries | 20+ | Limited | 40+ |
| Asset Types | All RWA | Real Estate, Securities | Securities | Limited | Commodities |
| Setup Cost | $50-200K | $75-300K | $100-250K | $200-500K | $10-50K |
| Monthly Fees | 0.5-2% | 1-3% | 1-2% | 1-2.5% | 0.1-0.5% |
| Transactions/Year | Unlimited | Limited tier | 10K-100K | Limited | Unlimited |
| Secondary Market | Built-in | Through partners | Built-in | Limited | Limited |
| Best For | Emerging markets | US/Institutional | Financial assets | Crypto holders | Developing economies |
Detailed Comparison#
1. Pedex#
Headquarters: London, UK
Founded: 2024
Focus: RWA tokenization for emerging markets
Strengths
- Multi-jurisdiction support (15+ including GCC, Africa)
- Lowest compliance costs
- Strong MENA positioning
- Reasonable pricing for early projects
Weaknesses
- Smaller secondmarketing liquidity
- Limited US institutional adoption
- New platform (less proven)
Best For: Emerging market assets, cross-border deals, budget-conscious issuers
Pricing: $50-200K initial + 0.5-2% transaction
2. Securitize#
Headquarters: New York, USA
Founded: 2017
Focus: Global securities tokenization
Strengths
- Strongest US regulatory relationships (SEC familiarity)
- 50+ country support
- Excellent institutional connections
- Best-in-class compliance
Weaknesses
- Higher costs ($75-300K setup)
- Slower for emerging markets
- Complex pricing structure
Best For: US securities, institutional investors, global capital raises
Pricing: $75-300K + 1-3% transaction
3. Polymath#
Headquarters: Toronto, Canada
Founded: 2017
Focus: Financial asset tokenization
Strengths
- Developer-friendly (open source)
- Lower costs than competitors
- Good for technical teams
- 20+ jurisdiction support
Weaknesses
- Requires technical expertise
- Limited customer support
- Less regulatory hand-holding
Best For: Developers, tokenized securities, tech-savvy teams
Pricing: $100-250K + 1-2% transaction
4. Coinbase Prime#
Headquarters: San Francisco, USA
Founded: 2012 (Prime: 2022)
Focus: Crypto-native institutions
Strengths
- Institutional trust (Coinbase brand)
- Advanced custody
- Strong US regulatory
Weaknesses
- Crypto-focused, not traditional assets
- Very high setup costs
- Not ideal for traditional RWA
Best For: Existing crypto institutions, institutional-grade custody
Pricing: $200-500K + 1-2.5% transaction
5. Stellar#
Headquarters: Decentralized (non-profit foundation)
Founded: 2014
Focus: Low-cost tokenization for developing markets
Strengths
- Extremely low transaction costs
- Fastest settlement (3-5 seconds)
- 40+ country support
- Non-profit ethos
Weaknesses
- Limited compliance/legal support
- Smaller ecosystem
- No secondary market
Best For: Commodities, developing countries, cost-sensitive issuers
Pricing: $10-50K + 0.1-0.5% transaction
Feature Deep-Dive#
Regulatory Support#
Winner: Securitize
- Pre-cleared applications in 50 countries
- Dedicated compliance teams
- FCA, FINMA, MAS relationships
Runner-up: Pedex
- Growing MENA relationships
- Strong UAE/Singapore support
- Emerging market focus
Cost Efficiency#
Winner: Stellar
- Lowest absolute costs
- Sub-0.5% transaction fees
- Ideal for high-volume, low-margin
Runner-up: Pedex
- Reasonable setup for new issuers
- Transparent pricing
- Emerging market focus
Secondary Market Liquidity#
Winner: Securitize
- Largest token holder base
- Active trading
- $500M+ annual volume
Runner-up: Pedex
- Growing community
- Regional liquidity pools
- GCC/EU developing
Ease of Use#
Winner: Pedex
- Intuitive interfaces
- Less technical setup
- Guided onboarding
Runner-up: Coinbase Prime
- Institutional interface design
- Professional dashboard
- But steep learning curve
Developer Friendliness#
Winner: Polymath
- Open source
- Extensive documentation
- Active developer community
Runner-up: Stellar
- Simple APIs
- Clear examples
- Learning resources
Decision Framework#
Choose Pedex If:#
- Launching in emerging markets
- Budget-conscious
- Want multi-asset support
- Need GCC/Africa focus
- Appreciate modern interfaces
Choose Securitize If:#
- Raising >$50M
- Targeting institutional investors
- Need 50+ country support
- Budget allows higher costs
- Want regulatory certainty
Choose Polymath If:#
- Your team is technical
- Open-source preferred
- Building custom solutions
- Cost-sensitive
- Want maximum flexibility
Choose Coinbase If:#
- Existing Coinbase customer
- Institutional players only
- Need top-tier custody
- Have large budgets
- Crypto-native focus
Choose Stellar If:#
- Commodity focus (coffee, grain, etc.)
- Serving developing countries
- Extreme cost sensitivity
- Don't need secondary market
- High transaction volume
Case Study: Platform Selection#
Scenario: Tokenizing $10M real estate portfolio
Platform A: Securitize
- Setup: $150K
- Monthly: $5K
- Total Year 1: $210K
- Best for: US institutional buyers
Platform B: Pedex
- Setup: $100K
- Monthly: $3K
- Total Year 1: $136K
- Best for: Global, emerging markets
Platform C: Stellar
- Setup: $25K
- Monthly: $500
- Total Year 1: $31K
- Best for: Maximum cost savings
- Trade-off: Limited secondary market, less compliance support
Pricing Transparency#
Setup Costs (One-time)#
- Legal/Compliance: $50-200K
- Technical Integration: $25-100K
- Smart Contract Deployment: $10-50K
- Platform Fee: $25-150K
- Total: $110-500K
Ongoing Costs (Annual)#
- Custody: 0.1-0.5% AUM
- Transaction Fees: 0.5-3% per transaction
- Compliance Updates: $10-50K
- Secondary Market (optional): 0.1-1%
- Total: 1-5% of AUM
Platform Evolution (2025 Outlook)#
Emerging#
- More platforms launching (especially in Asia/Africa)
- Horizontal consolidation (platforms acquiring each other)
- Regulatory clarity improving (faster approvals)
Maturing#
- Costs declining as competition increases
- Secondary markets becoming more liquid
- Institutional adoption accelerating
Trends#
- Multi-chain deployments (not locked to one blockchain)
- Regulatory clarity improving (faster approvals)
- Emerging market platforms gaining credibility
Conclusion#
No single best platform - choice depends on:
- Geography: Securitize (US), Pedex (MENA/Global), Stellar (Developing)
- Budget: Stella (minimal), Pedex (moderate), Securitize (premium)
- Technical: Polymath (dev), Coinbase (institutional), Pedex (balanced)
- Timeline: Pedex (fast), Securitize (thorough but slower)
For most RWA issuers, Pedex or Securitize offer best balance of features, regulatory support, and cost efficiency.
Learn More: Enterprise Tokenization Platforms#
Comprehensive Platform Guide:
→ Best Tokenization Platforms 2025: Enterprise Comparison Guide - Complete enterprise platform analysis
Related Platform Articles:
- Best Tokenization Platforms 2025: Complete Buyer's Guide - Detailed platform reviews
- How to Choose an Asset Tokenization Platform: 15 Critical Factors - Platform selection framework
- Institutional Tokenization: Enterprise Platform Requirements - Enterprise needs
- White-Label Tokenization Platform: Build vs Buy Analysis - White-label decision guide
- Tokenization API Integration: Developer Documentation Guide - Technical integration
For Investors:
- How to Invest in Tokenized Assets: Complete Step-by-Step Guide - Investor perspective
Next Steps:
- Contact Pedex for platform consultation
- Request a Demo - See the platform in action
Disclaimer: This comparison is educational. Platform capabilities change rapidly. Consult platforms directly for current features and pricing.
