Skip to main content

How Onyx works

Onyx tokenizes treasury ownership by integrating directly with a multisig wallet. Tokenholders gain rights to pro-rata distributions from the treasury based on their holdings, along with basic voting rights over who can serve as signer on the multisig.

Onyx transforms tokens from abstract governance tools into true representations of business ownership.

Phase 1 - Create your Token​

Getting started is simple. Businesses can list directly on Onyx by providing a few basic details and the first multisig signer [?]. Onyx takes care of the rest, setting up your on-chain treasury and minting your full token supply to it within seconds.

By default, 1 million tokens are minted directly to your treasury. From here, distribute the tokens to investors, employees, and contributors as you see fit.

Phase 2 - Establish liquidity and TGE​

Onyx helps you kickstart your token within minutes. With this one-time event, you can select an initial valuation for your business and create a bonding curve to seed your token with value and enable liquidity from day one. No complex setup or liquidity provisioning required.

This bonding curve liquidity acts as your initial offering, allowing early supporters to acquire tokens at the valuation you've selected. The process is streamlined, transparent, and designed to let you stay focused on building your business while your token begins circulating in the market.

Phase 3 - Govern, Share Profits, Raise Capital, or Issue Debt​

Once the token is live, it unlocks a range of financial tools to support growth, governance, and investor alignment:

  • Governance on Onyx provides a simple system of checks and balances. Tokenholders can propose and vote to replace treasury signers when a change in business leadership is needed.

  • Profit sharing can be enabled through pro-rata distributions to tokenholders. By staking their tokens, holders can receive a share of the business’s profit stream.

  • Capital raising can continue at any stage — either through private investor deals or public sales on secondary markets.

  • Issuing debt (coming soon): Businesses will be able to use their tokenized equity as collateral to access new forms of financing.