Tokenization readiness · Japan

Clarity before tokenization.

We help companies and asset owners understand whether tokenization could serve their objectives, what preparation it requires, and how to move forward.

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30 questions · Results on screen · No email required

Already have a project in mind?

Discuss your tokenization project

Tell us what you want to tokenize and where you want to proceed.

Illustrative screening result · Fictional project

Overall screening score

53/100

Some areas need further preparation

Scores reflect the answers provided, not a probability of success.

Asset & Structure65/100
Legal & Compliance70/100
Documentation & Data Room40/100
Governance & Decision60/100
Demand & Buyer40/100
Technical & Partner Rails40/100

Area score ranges · Colours do not indicate approval

Based on fictional answers. No documents reviewed.

Start with your objective

What could tokenization help you change?

Start with the business objective: how people participate, how ownership is recorded, or how rights could be transferred. The next question is whether tokenization fits your project.

Participation

Explore whether a different ownership structure could support participation in your project.

Administration

Consider whether digital records could improve how ownership, rights and reporting are managed.

Transferability

Examine the conditions under which interests could be transferred, including restrictions, infrastructure and potential demand.

Earthberries helps you examine the starting conditions before committing to further work.

Tokenization does not automatically create liquidity.

Free readiness screening

What should you clarify before tokenizing your asset?

Answer 30 questions about your project’s preparation. Get an immediate screening result and identify questions to discuss with your team and advisers.

Start free screening

30 questions · Results on screen · No email required

Explore the six readiness areas

Asset & Structure

Why it matters: The proposed structure connects the token to the asset and defines what holders would own or be entitled to.
What to clarify: What is the asset? Who owns it? What rights would the token represent, and what information supports the proposed structure?
How Earthberries can help: We help organise the asset information and identify structural questions for review by your team and specialist advisers within an agreed scope.

Why it matters: The legal and regulatory context shapes who can participate, what rights the token represents, and how it can be offered or transferred.
What to clarify: Which jurisdictions are involved? What rights would holders receive? Which questions require specialist advice?
How Earthberries can help: We help organise the project information, identify questions for specialist review and coordinate the relevant input within an agreed scope. Legal advice remains with qualified advisers.

Why it matters: Clear, consistent records give your team and advisers a basis for evaluating the proposed tokenization and explaining it to others.
What to clarify: Which ownership, financial and project records are available? Are they current and consistent? What still needs to be documented?
How Earthberries can help: We review the materials you provide within an agreed scope and document findings, assumptions and gaps in a written readiness report.

Why it matters: A tokenized project needs clear responsibilities for decisions, administration and reporting throughout its operation.
What to clarify: Who can authorise the next step? Who would manage the project and report to holders? Which resources and responsibilities need to be agreed?
How Earthberries can help: We help clarify project expectations and identify questions about decision-making and operational responsibilities for discussion with your team and advisers.

Why it matters: A proposed ownership or financing route needs a clear rationale for the people who might participate. Tokenization does not automatically create demand or liquidity.
What to clarify: Who might participate, and why? What evidence supports that interest? How would eligible participants be reached?
How Earthberries can help: We help examine the information supporting your demand assumptions and identify questions to explore before committing to further work. We do not promise buyers or fundraising.

Why it matters: Infrastructure and partner arrangements need to support the proposed rights, participation rules and day-to-day operation.
What to clarify: Which issuance, custody, transfer and reporting functions are needed? Which partners would provide them, and where do their responsibilities begin and end?
How Earthberries can help: We help identify requirements and coordinate relevant partner input within an agreed scope. Implementation and regulated activities require the appropriate separate engagements.

Have a similar question about your project?

Tell us what you are considering and what you need to clarify.

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Paid readiness assessment

A clear starting point for your tokenization decision.

We review the project materials you provide and deliver a written account of findings, gaps and recommended next steps. The scope, outputs and commercial terms are agreed before work begins.

Discuss your project

Tell us what you want to achieve and the decision you need to make. We’ll discuss whether a readiness review is the right next step.

Explore the paid assessment

Illustrative extract · Fictional project

EarthberriesCapital

Readiness Report

ProjectProject A · Fictional operating asset

BasisClient-provided materials · Illustrative only

Section 01

Materials and assumptions

The example below distinguishes the material available from the information still needed. References M01–M03 are fictional document identifiers.

Materials and assumptions — fictional example
Ref.	Material	Scope and limitations
M01	Ownership schedule	Holder and percentage listed. Supporting title records not supplied.
M02	Operating summary	12-month summary provided. Forecast assumptions not supplied.
M03	Proposed rights outline	Participation described. Voting and transfer provisions not set out.

Review boundary

The schedule records the project team's description of ownership; it does not establish title. Any legal conclusions require appropriate specialist advice.

EarthberriesCapital

Readiness Report

ProjectProject A · Fictional operating asset

BasisClient-provided materials · Illustrative only

Section 02

Readiness findings and gaps

Each observation is tied to a source and a practical consequence for the next review. These are invented findings for Project A.

Readiness findings and gaps — fictional example
Source	Observation	Implication for review
M01	Ownership support incomplete	Request the records behind the schedule before assessing the proposed structure.
M03	Participant rights unspecified	Clarify the proposed voting, distribution and transfer terms with appropriate advisers.
M02	Forecast basis absent	Identify the assumptions and supporting records needed for a discussion of project economics.

Question for the project team

Which supporting records and draft terms can the team provide, and who is responsible for preparing them?

EarthberriesCapital

Readiness Report

ProjectProject A · Fictional operating asset

BasisClient-provided materials · Illustrative only

Section 03

Potential pathways and dependencies

The next step depends on what information the project team can supply. The choices below concern preparation, not an approved tokenization structure.

Potential pathways and dependencies — fictional example
Possible next step	Condition	What it would clarify
Gather the missing records	Sources behind M01 and assumptions behind M02 can be provided.	Whether a fuller information set can support further scoping.
Define a targeted review	The business objective and the outstanding questions are agreed.	Which materials and specialist input a separate scope would require.
Pause further scoping	The information or responsible decision-makers are unavailable.	What would need to change before the discussion resumes.

Scope dependency

No pathway is selected automatically. Any further work requires its own agreed scope and commercial terms.

EarthberriesCapital

Readiness Report

ProjectProject A · Fictional operating asset

BasisClient-provided materials · Illustrative only

Section 04

Recommendation and next steps

In this fictional example, complete the information set before deciding on further work. Ownership support and proposed participant rights remain incomplete.

Recommendation and next steps — fictional example
Next request	Purpose	Responsibility to agree
Supporting ownership records	Reconcile the description in M01 with its underlying records.	Project team and appropriate advisers.
Draft participant terms	Clarify the rights described in M03.	Project sponsor and appropriate legal advisers.
Updated information list	Establish what is available for further scoping.	Named project coordinator.

Next decision

Review the updated information with the team, then decide whether a separately scoped assessment is useful. This example makes no recommendation to issue tokens or seek investment.

Working sequence

From project context to your next decision.

01
Share your context
Tell us about the project and the decision you need to make.
02
Agree the scope
Confirm the review’s outputs, required materials and commercial terms.
03
Receive the review
Get a written account of findings, assumptions, gaps and recommended next steps.
04
Decide what comes next
Use the recommendation to decide whether to progress, address conditions, pause or stop.

Beyond the assessment · A separate engagement

A Whitepaper for your path to tokenomics.

For projects moving beyond the initial review, Earthberries prepares a Whitepaper under a separate engagement. It sets out the project’s proposed path to tokenomics.

A document for your team and advisers to discuss the proposed approach and the work needed to develop it.

The Whitepaper is not included in the Readiness Assessment. Its scope, required inputs, timing and fee are agreed before that work begins.

Discuss a Whitepaper engagement

Who we work with

Your purpose is the starting point.

We welcome conversations with organisations of all sizes. The right scope depends on the project’s objectives, available information and resources.

Businesses and asset owners

Get a documented starting point for deciding whether tokenization merits further work.

Social impact projects

You want to explore whether tokenization could support participation in a project with a social or environmental purpose. The intended impact, economics and rights need to be considered together.

Advisers and project sponsors

Bring findings, assumptions and open questions into a shared document for discussion with decision-makers and specialists.

Why Earthberries

A digital economy with room for more participants.

Earthberries helps companies understand whether tokenization could serve their business goals and prepare a practical path forward.

Market context · 10 September 2026

BlackRock announced regulatory authorisation in Hong Kong for its HKD Digital Liquidity Fund. Its announcement describes planned subscriptions and redemptions using tokenised deposits and fiat-referenced stablecoins, building on its participation in the HKMA’s Project Ensemble.

For us, this highlights the need to consider asset structures, digital money, governance and investor protection together. That is why we start with readiness.

Source: BlackRock announcement

An example of market development, with no affiliation or endorsement implied.

Earthberries Capital KK is registered in Japan.

The founding team

Meet the team

Co-founder & CEO

Patricia Bader-Johnston

Previous rolesGoldman Sachs · Standard Chartered · IBM Japan

Co-founder & COO

Davide di Leo

Selected experienceBusiness operations · Commercial strategy · International ventures

Co-founder

Keiichi Inaba

Career experienceDeutsche Bank · Concord International Investments

Regulatory context. Specialist input.

Regulatory and compliance questions are part of preparing a project. Earthberries helps identify the questions and coordinate the relevant specialist input within the agreed scope. Professional advice and regulated activities remain with the appropriate advisers and licensed intermediaries.

Partners

Your next conversation

Have a project to discuss?

Tell us what you want to achieve and the decision you are considering. We will review your request and respond to discuss whether our work could be relevant.

Request a conversation Or write to intake@earthberries.co.jp

Clarity before tokenization.

What could tokenization help you change?

Participation

Administration

Transferability

What should you clarify before tokenizing your asset?

Explore the six readiness areas

Asset & Structure

Have a similar question about your project?

A clear starting point for your tokenization decision.

Materials and assumptions

Review boundary

From project context to your next decision.

Share your context

Agree the scope

Receive the review

Decide what comes next

Your purpose is the starting point.

Businesses and asset owners

Social impact projects

Advisers and project sponsors

A digital economy with room for more participants.

Patricia Bader-Johnston

Davide di Leo

Keiichi Inaba

Regulatory context. Specialist input.

Have a project to discuss?