Tokenization feasibility, without hype

Turn tokenization ideas into a decision-grade verdict.

TVAC helps you decide whether tokenization is actually worth it. It evaluates if a specific tokenization design creates net added value compared to a conventional structure — and delivers a solid, case-specific deep report (typically 30+ pages, ~9,000 words) with the full rationale, assumptions, risk focus, and concrete next steps.

TVAC helps you decide whether tokenization is actually worth it — in minutes, not months. You get a structured, decision-grade report that makes costs, risks, and value transparent before you spend time and money.

  • Weeks → minutes — a structured assessment instead of months of workshops.
  • Avoid costly dead ends — spot weak cases before legal, technical, and advisory spend.
  • Decision-grade output — a shareable report with explicit rationale and assumptions.
Case-specific (not generic) Five-factor scoring manual + clear logic Shareable, decision-grade output
Sample evaluation snapshot
Overall value-add score
3.5
Verdict: Conditional Go
Input completeness: 95%
Factor breakdown
New Opportunities
6.5
Cost Savings
4.0
Risk Reduction
4.5
Tokenization Costs
6.0
New Risks
5.5
Built on the formula: (New Opportunities + Cost Savings + Risk Reduction) − (Tokenization Costs + New Risks).
The output is structured for internal sharing: factor logic, explicit assumptions, and concrete levers to improve the score.

Guided tour

A product tour of a real 9,000+‑word TVAC report

Instead of a fragile “mini-evaluation” widget, this is a visual, step-by-step tour through a concrete tokenization case report — showing the structure, the five-factor logic, the assumptions, and how the analysis becomes case-specific (not a generic LLM prompt response).

Who it’s for

Built for professional tokenization stakeholders

For teams that must be credible, conservative, and execution-oriented — and need a repeatable way to qualify real projects.

Issuers & Asset Owners

Determine whether a specific tokenization project creates net added value — and what must be in place before proceeding.

  • Early Go/No‑Go clarity
  • Clear “conditions to proceed”
  • Design levers that improve viability

Advisors & Service Providers

Qualify inbound requests, clarify scope, and accelerate onboarding across legal, technical, and operational workstreams.

  • Standardized case qualification
  • Faster discovery of constraints
  • Sharper scope for experts

Asset Managers, Banks & Financial Institutions

Use a consistent decision basis and comparable outputs across a tokenization pipeline — internally or when servicing clients.

  • Consistency across deal flow
  • Governance‑friendly documentation
  • Comparable scoring across cases

The model

TVAC is built on a fixed added value formula

TVAC is a standardized assessment framework that makes tokenization cases comparable and explainable across types and asset classes. It uses a scoring manual with fixed criteria for each of the five components in the added‑value model: New Opportunities, Cost Savings, Risk Reduction, Tokenization Costs, and New Risks. The assessment is anchored in structured input parameters such as jurisdictions, investor scope, disclosure, custody, settlement, venue, and transfer restrictions — so results do not depend on ad hoc judgment, but on a consistent method where you can see exactly which design choices drive the outcome.

What the five factors capture

  • New Opportunities: distribution, liquidity pathways, new investor access, programmability.
  • Cost Savings: operational efficiency, automation, simpler processes over time.
  • Risk Reduction: improved controls, transparency, settlement/counterparty improvements (when real).
  • Tokenization Costs: build/integration, legal/compliance work, vendor/platform dependencies.
  • New Risks: regulatory friction, governance complexity, tech/custody risks, operational attack surface.
Core formula
Added Value = (New Opportunities + Cost Savings + Risk Reduction) – (Tokenization Costs + New Risks)

Under uncertainty, TVAC scores conservatively and makes assumptions explicit — so you can iterate and re-run variants.

How it works

A conservative workflow in four steps

Designed to be useful early — before heavy legal/vendor work begins — and structured so stakeholders can trust the logic.

Step 1

Describe the case

Asset, jurisdictions, investor scope, liquidity plan, custody model, constraints, and objectives.

Step 2

TVAC evaluates added value

Scores the case on five factors and applies the formula: (NO + CS + RR) − (TC + NR).

Step 3

You get a verdict + a deep report

A decision-grade, case-specific report (30+ pages, ~9,000 words) with rationale, assumptions, blockers and levers.

Step 4

Iterate (run variants)

Run variants and compare outputs. Save the strongest structure and re-run.

Behind the scenes

How TVAC turns your inputs into a decision-grade report

TVAC is not a “single prompt.” It is a structured workflow that validates inputs, applies a fixed methodology, and assembles a consistent, board-ready report layout.

Process overview (high level)

  • You describe the case in free text and answer structured questions.
  • The app validates inputs and packages them into a single case payload.
  • On “Generate report,” the payload is sent securely to the TVAC backend (API).
  • The backend applies TVAC’s fixed methodology: Added Value formula, criteria, and report structure.
  • A tightly structured request (with strict format and evaluation rules) is sent via API to an AI model.
  • The model returns a structured analysis: verdict, rationale, factor breakdown, risks, recommendations.
  • TVAC parses, consolidates, and sanity-checks the output against required sections and consistency rules.
  • Results are normalized into a report-ready structure (chapters, tables, visuals).
  • The API returns the full report content/data to your browser.
  • The UI renders the final report and supports print-to-PDF.
  • You describe the case in free text and answer structured questions.
  • The app validates inputs and packages them into a single case payload.
  • The payload is processed by the TVAC backend using a fixed methodology and strict evaluation rules (including an AI model step).
  • TVAC consolidates and sanity-checks the results, then returns a board-ready report you can print to PDF.

Important: TVAC does not publish raw model output. The model is constrained by TVAC’s methodology and required structure, and the results are checked and normalized before rendering.

Why this matters

  • Method-governed: outputs follow a fixed framework, criteria, and required sections—not ad hoc generation.
  • Consistency: comparable outputs across cases (same structure, same factor logic).
  • Explainability: reasoning is tied to your inputs, explicit assumptions, and the Added Value formula.
  • Conservative checks: missing or contradictory inputs are handled cautiously.

Note: Please avoid submitting sensitive personal data or highly confidential details.

Product proof

Not just a verdict — a concrete, case-specific report

TVAC produces structured output you can share internally: factor logic, explicit assumptions, risk focus, and clear next steps. Tap the screenshot to view the full report structure (Table of Contents).

Decision-grade clarity for risk-averse stakeholders

TVAC is designed for fintech/legal/institutional environments where trust comes from structure and transparency.

  • Fixed five-factor scoring manual + clear verdict logic
  • Explicit assumptions and missing inputs
  • Concrete recommendations to improve added value
  • Shareable output for stakeholder alignment

Want the technical note?

Download the Methodology & Calibration PDF (v1.2).

If the download link fails due to filename differences, ensure the PDF exists as /tvac-methodology-v1.2.pdf in repo root.

Pricing

Start with a deep report — or go Pro

Keep it simple: one case, decision-grade output. Then scale if needed.

One-off deep assessment report

€385
per report (intro price, ex. VAT)

A full, structured report: verdict, factor scores, rationale, blockers, levers, and practical next steps — typically 30+ pages (~9,000 words) depending on case complexity.

  • Decision-grade verdict and reasoning
  • Case-specific recommendations to improve added value
  • Risk register + mitigation focus (where relevant)
  • Stakeholder alignment (“who pays vs who benefits”)
  • What-if options (how to improve the score)

TVAC Pro (subscription)

For platforms, advisors and teams evaluating multiple cases monthly.

  • Recurring access during subscription period (fair-use)
  • Consistent evaluation framework across cases
  • Best for pipelines, screening and structured advisory

Enterprise pilot or integration? Email: michael@tvacai.com

FAQ

Frequently asked questions

Clear, neutral answers—so you can decide if TVAC fits your use case.

What is TVAC?

TVAC (Tokenization Value‑Add Calculator) is an informational decision‑support tool. It helps you evaluate whether a specific tokenization design is likely to create net added value versus a conventional structure—and it produces a structured, shareable report.

What does TVAC help you do?

TVAC helps you make trade‑offs explicit early—before you spend significant time and money on structuring, legal work, vendor selection, or procurement.

You get a clear verdict, a factor‑by‑factor rationale, explicit assumptions, and concrete design levers you can use to improve feasibility and added value.

Who is TVAC for?

TVAC is useful if you are evaluating, designing, or reviewing a tokenization initiative—as an asset owner/issuer, project team, investment team, legal/compliance function, or service provider.

It is especially helpful when multiple stakeholders need a shared, structured basis for discussion.

How does TVAC evaluate “added value”?

TVAC uses a consistent five‑factor model:

Added Value = (New Opportunities + Cost Savings + Risk Reduction) – (Tokenization Costs + New Risks)

Each factor is scored on a 0–10 scale using predefined criteria. TVAC also applies a stakeholder lens (at minimum: Asset Owner, Investor, Service Providers) to highlight who captures upside and who bears costs/risks.

How does TVAC derive the verdict?

The verdict is derived from the Added Value profile and the internal consistency of the design (jurisdictions, investor scope, custody, venue, settlement, disclosure, and operating model).

Typical outcomes include Go, Conditional Go, Borderline, or No‑Go—with clear “conditions to proceed” when relevant.

What inputs do you need?

Typically: asset type, jurisdictions, investor scope, legal wrapper, custody and venue assumptions, settlement/cash‑leg approach, distribution thesis, and key constraints.

TVAC also reports an input completeness score and lists missing fields and explicit assumptions—so thin or contradictory inputs are treated more cautiously.

What do you receive in a Deep Assessment?

A Deep Assessment is a board‑ready report (typically 30+ pages) that includes:

  • Executive summary (verdict, key drivers, “conditions to proceed”)
  • Asset‑class & market context
  • Analysis result (assumptions, value pathways, investor segmentation, operational costs, regulatory path, custody/venue fit, risk register)
  • How the assessment was produced + how Added Value is computed
  • Stakeholder added value (who benefits, who pays, who bears risk)
  • Factor breakdown, risk heatmap, and mitigation focus
  • Recommendations, what‑if scenarios, and an indicative implementation roadmap
How can TVAC evaluate a project without knowing the exact cost of every element?

TVAC does not claim to know every final cost item with absolute precision. That level of detail usually only emerges later, after legal structuring, vendor selection, technical scoping, and implementation planning.

What TVAC does provide is a structured, methodology-based evaluation of whether a project appears likely to generate net added value given the information available. It assesses the case based on its core characteristics, likely opportunity profile, probable cost and risk drivers, and the overall logic of the proposed tokenization model.

In short, TVAC is a decision-support tool for evaluating feasibility and value creation under real-world uncertainty — not a substitute for final budgeting, legal advice, or underwriting.

Is TVAC based on detailed costings from many completed tokenization projects?

No—not in the sense of claiming a giant benchmark database built from the full budgets, invoices, and time sheets of a large number of completed projects.

TVAC is based on a fixed methodology, explicit scoring criteria, and accumulated domain understanding of how tokenization cases typically create opportunities, generate costs, and introduce new risks across different structures and asset types.

The goal is not to pretend that every future project can be priced with accounting-level precision in advance. The goal is to provide a disciplined, transparent, and case-specific feasibility assessment that helps users judge whether a project looks commercially and structurally credible before moving into deeper budgeting and implementation work.

Can you trust the output?

TVAC is designed for consistency and defensibility: fixed factor definitions, calibrated scoring criteria, and transparent reasoning tied to your inputs.

It is also intentionally conservative: when a case sits between verdict bands, the more cautious interpretation is usually chosen.

Is TVAC legal, tax, investment, or regulatory advice?

No. TVAC provides informational decision‑support only. Jurisdiction‑specific matters must always be validated with qualified professionals.

How should you handle confidentiality?

You should avoid entering sensitive personal data or confidential commercial details. Use anonymised placeholders where possible, and share only what is necessary to evaluate structure and feasibility.

If you have strict procurement or data‑handling requirements, treat TVAC as part of a governed workflow and apply your internal controls.

Can TVAC help improve a design (not just grade it)?

Yes. The report surfaces the few levers most likely to move the outcome: how to reduce costs/risks, tighten the operating model, and make distribution/liquidity assumptions more credible.

It also includes structured next steps and an indicative roadmap you can use for planning and stakeholder alignment.

About

Built for credibility and commercial use

TVAC is built by Michael Juul Rugaard — author of the book Asset Tokenization (2025) — as a practical evaluation engine for real tokenization decisions. Contact: michael@tvacai.com

Methodology & Calibration

Non-marketing technical note describing the five-factor model, verdict logic, calibration approach, and limitations.