What StegX does

StegX GmbH is a Frankfurt-based fintech founded in 2022 that operates a digital marketplace connecting professional real estate managers (issuers) with institutional investors globally for the listing, tokenization, distribution, and lifecycle servicing of real estate securities. The company is registered as a tied agent of BMCP GmbH with BaFin (registration 80179446) under §3 (2) WpIG, enabling licensed investment brokerage in Germany, and operates offices in Frankfurt, Luxembourg, and Tbilisi.

The core technology is a multi-chain blockchain-based tokenization platform supporting Hedera and XRP Ledger, integrated with Zoniqx's Tokenized Asset Lifecycle Management (TALM) solution and the ERC-7518 Dynamic Compliant Interoperable Security Token (DyCIST) standard. Institutional-grade custody is provided through a Palisade integration, and valuation services are delivered via a partnership with Cushman & Wakefield. The platform, accessible at marketplace.stegx.finance, handles structuring, KYC/AML compliance, digital issuance, distribution, and post-closing investor reporting within a single ecosystem.

Revenue is generated through marketplace commissions on tokenized real estate transactions and professional service fees covering structuring, tokenization, and lifecycle administration, with quote-based institutional pricing and multi-year contracts. The go-to-market combines enterprise sales to asset managers and institutional investors with heavy event-driven marketing, including three consecutive years (2023–2025) of representation at Hong Kong FinTech Week and inclusion in official German delegations at Web Summit Rio, NEXT RISE Seoul, and London Tech Week. The company has 1–10 employees, is founder-owned (Daniel Radwansky, CEO; Marcos J. Joos, co-founder), has not disclosed any external funding rounds, and reports no revenue or ARR figures.

Name

StegX

Legal name

StegX GmbH

Website

https://stegx.finance

Company type

Private

Founded year

2022

Operating status

Operating

Headcount range

1–10 employees

Ownership category

akta.pro rank

Product category

Institutional Real Estate Tokenization Marketplace

NAICS

Securities and Commodity Contracts Intermediation and Brokerage (5231), Securities and Commodity Exchanges (5232)

SIC

Security Brokers, Dealers & Flotation Companies (6211), Security & Commodity Brokers, Dealers, Exchanges & Services (6200)

akta.pro primary industry

Brokerages & On/Off-Ramps (fiat rails, instant buy/sell) (FSAPADAG)

akta.pro secondary industry

Tokenized Collateral & On-Chain Credit Infrastructure (Collateral Mgmt, Liquidations) (FSAGAMAK)

Keywords

• Real estate tokenization
• Institutional investment platform
• Blockchain asset marketplace
• Real estate securities
• Digital asset distribution

Headquarters

HQ city

Frankfurt

HQ country

Germany

HQ region

Europe

Offices3 records

Markets served

GTM type

B2B

Offering type

Software

Cost components

Technology or R&D, Personnel, Marketing or Sales, Operations, Others

Revenue model

1. Marketplace Commission: StegX operates as a digital marketplace connecting asset managers with institutional investors, earning commissions on transactions conducted through the platform. The platform facilitates capital raising for issuers and investment opportunities for investors.
2. Service Fees: The company provides end-to-end services including structuring, tokenization, investor reporting, and lifecycle administration, suggesting service-based revenue streams alongside marketplace transactions.

Pricing tiers

Go-to-market motion2 records

Distribution channels2 records

Marketing channels4 records

Core offering

StegX operates a B2B digital marketplace platform that connects professional real estate asset managers (issuers) with institutional investors globally, enabling the listing, tokenization, distribution, and lifecycle administration of real estate investment opportunities. Issuers can structure deals, launch tokenized securities on multi-chain blockchain infrastructure (Hedera, XRP Ledger), and reach international capital allocators, while investors access curated deal flow with standardized terms, documents, performance tracking, and reporting. The ecosystem is delivered under a BaFin-registered tied-agent regulatory structure for investment brokerage.

Product overview

StegX is a comprehensive One-Stop-Shop ecosystem for institutional real estate investments, consisting of a core Marketplace platform and integrated lifecycle services. The platform connects professional real estate managers with institutional investors globally, enabling investment and trading of both traditional and tokenized real estate investment structures. The ecosystem integrates deal structuring, tokenization, distribution, servicing, and reporting capabilities into a unified digital engine.

Differentiator

Problem solved

Functional benefit

Products and services

• StegX Marketplace Web-based global digital marketplace (marketplace.stegx.finance) connecting institutional investors with real estate managers for trading and investing in tokenized and traditional real estate investment structures; gives investors curated deal flow, standardized terms and documents, and ongoing performance reporting, and gives issuers a single channel to reach global institutional capital.
• StegX Ecosystem One-Stop-Shop ecosystem for institutional real estate investments that connects professional real estate managers with institutional investors globally through blockchain technology, spanning deal structuring, tokenization, distribution, lifecycle servicing, and reporting as a unified offering.
• StegX Institutional RWA Marketplace on Hedera Multi-chain tokenization and marketplace product launched on the Hedera network (with Zoniqx as tokenization partner) that brings tokenized real estate and structured finance assets onto a compliant cross-border DLT infrastructure for institutional issuers and investors.

Segments2 records

Ideal customer profiles2 records

Technology focussed Yes

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Integration4 records

Feature5 records

Partnerships

14 partnerships are on record, tiered core, key and supporting.

• ZoniqxcoreTechnology or IntegrationStrategic partnership with Zoniqx, an Asset Tokenization Platform as a Service (TPaaS) provider. Zoniqx brings its Tokenized Asset Lifecycle Management (TALM) solution and the Dynamic Compliant Interoperable Security Token (ERC-7518) gold standard. This partnership integrates Zoniqx's tokenization capabilities with StegX's institutional marketplace ecosystem.
• Cushman & WakefieldcoreOthersCushman & Wakefield, one of the world's largest real estate service providers, joined the StegX ecosystem. Their 660-strong team of expert valuers throughout EMEA and approximately 2,000 consultants in 60 countries provide comprehensive real estate valuation services for StegX platform users.
• PalisadecoreTechnology or IntegrationStrategic partnership with Palisade, a digital asset custody provider. Palisade provides institutional-grade custodial wallet infrastructure integrated into StegX's platform, supporting secure and compliant custody for tokenized investment products. Supports XRP Ledger and Hedera DLT networks.
• MIO3coreStrategic or Co-development PartnerStrategic Collaboration Agreement with MIO3 from El Salvador, marking the first agreement between regulated digital asset providers in El Salvador and Europe. Enables European clients to access tokenized digital assets by MIO3 in Latin America, creating a bridge for capital flow between regions. MIO3 is authorized by the National Digital Assets Commission (CNAD) of El Salvador.
• TokinvestkeyStrategic or Co-development PartnerStrategic partnership with Tokinvest, a leading regulated marketplace for real-world asset investing based in Dubai. Bridges two financial powerhouses: Dubai and Frankfurt, expanding cross-border access to tokenized assets.
• AGXkeyStrategic or Co-development PartnerPartnership with AGX connecting Singapore and Frankfurt financial hubs, enabling cross-border access to tokenized assets between Asia and Europe. Expands global investment opportunities and enhances market liquidity.
• T-BlockskeyStrategic or Co-development PartnerPartnership with T-Blocks, the first tokenization gateway in emerging economies of Albania and the Balkan region. Enables onboarding of real-world assets on-chain and bridges decentralized finance with traditional financial systems.
• German AcceleratorkeyGTM or Marketing PartnerSelected for German Accelerator Southeast Asia Market Access Program 2025, supported by German Federal Ministry for Economic Affairs and Climate Action (BMWK). Program provides market entry support for Singapore and Hong Kong with one-on-one mentoring, market-entry workshops, and networking opportunities.
• German Industry and Commerce Ltd. Hong Kong (GIC)keyGTM or Marketing PartnerGIC Hong Kong organizes the official German Pavilion at Hong Kong FinTech Week, where StegX has been selected to represent Germany for multiple years (2023, 2024, 2025). Also supports German delegations at NEXT RISE Seoul.
• Germany Trade & Invest (GTAI)keyGTM or Marketing PartnerGTAI supports German delegations at international fintech and tech events where StegX participates, including Hong Kong FinTech Week and London Tech Week.
• Federal Ministry for Economic Affairs and Climate Action (BMWK)keyGTM or Marketing PartnerGerman federal ministry leads delegations of startups at international tech events including Web Summit Rio 2024 and German Accelerator program, of which StegX is a selected participant.
• Digital Hub InitiativesupportingGTM or Marketing PartnerSupports German startup delegations at international tech events including Web Summit Rio and London Tech Week.
• BMCP GmbHcoreOthersStegX GmbH operates as a tied agent of BMCP GmbH (registered with BaFin under § 3 (2) WpIG) for investment brokerage activities. This regulatory relationship enables StegX's licensed operations in Germany.
• Jones DaysupportingStrategic or Co-development PartnerSelected for FinAccelerate 2023 cohort powered by Jones Day, a global law firm with 130-year history. Program provided access to investors, corporations, financial institutions, and potential JV partners through knowledge-sharing and demo day.

Scale indicators5 records

Recent moves6 records

Expansion highlights5 records

Direct peers

• Securitize: Securitize is a leading institutional tokenization platform for real-world assets, offering issuance, compliance, and secondary trading infrastructure. It is the most direct peer to StegX in combining regulated token issuance with a distribution venue for institutional participants.
• tZERO: tZERO operates a regulated security token exchange and post-trade infrastructure for digital securities. It directly overlaps with StegX's model of intermediating tokenized securities between issuers and institutional investors.
• Tokeny: Tokeny provides enterprise-grade tokenization infrastructure with built-in compliance (ERC-3643 / T-REX) for issuing and managing security tokens. Its infrastructure-layer focus and European footprint make it a close comparable to StegX's Zoniqx-powered stack.
• ADDX: ADDX is a regulated, institutional-grade digital exchange for private market securities in Asia, comparable in targeting professional investors and offering fractionalized access to alternative assets — directly paralleling StegX's institutional RWA marketplace thesis.
• Brickken: Brickken is a tokenization platform that enables businesses to issue and manage digital securities, with a self-service SaaS layer plus a marketplace for distribution. It overlaps with StegX across the tokenization-plus-distribution model.
• Polymath: Polymath is a security token platform that pioneered the ERC-1400 and ERC-3643 token standards for compliant digital securities. It is a direct peer in the regulated digital-securities infrastructure layer that StegX's Zoniqx/ERC-7518 integration sits within.
• RealT: RealT is a US-based platform that tokenizes fractional ownership in individual residential rental properties. It is a direct peer in the real estate tokenization category, although its investor base skews more retail than StegX's institutional focus.
• Vertalo: Vertalo provides digital asset cap-table management and tokenization services for private securities, with APIs linking issuers, custodians, and broker-dealers. It is a direct peer in the institutional tokenization and issuance services space.
• Ondo Finance: Ondo Finance builds institutional-grade decentralized finance protocols and tokenized real-world asset products (e.g., USDY, OUSG). It is a direct peer in delivering RWA-backed instruments to professional investors on public chains.
• MANTRA: MANTRA is a Layer-1 blockchain purpose-built for tokenized real-world assets, with a growing marketplace and compliance features for issuers. It is a direct peer combining a chain-level stack with an RWA distribution venue targeting institutional participation.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat5 records

Key risks6 records

Key highlights6 records

Customer concentration

• LinkedInlinkedin.com/company/stegx

Compliance2 records

Revenue estimate

Valuation estimate

Number of profiles

Profiles2 records

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about StegX