Close this search box.

Self Tokenization Inimical to the Extant Financial System? 

Is Self Tokenization Inimical to the Extant Financial System

Is Self Tokenization Inimical to the Extant Financial System? 

By Solomon Oluwaseun Olukoya


Have you ever thought of a financial system that makes it possible for us to buy and sell our friends? Crazy right?

Meet Alex Masmej. A 23-year-old who thought of forging a new paradigm for the creation of economic value known as self-tokenization. 

In the world today, nearly anything can be invested on, thanks to the emerging revolution of the internet – Web3.0. 

By it, just about anyone can become an investor, unlike what the old financial system avails. 

As the world is getting more financialised, the emergence of Web3.0 has ruthlessly disrupted the now mundane financial system, thereby making it possible for people not to invest in just companies or government bonds alone, but in digital assets, people, life, culture, and the likes, which has hence opened up and widened the roads for the creation of wealth which was previously restricted to some selected few.  

Could it be that we finally going to experience the era where the decision-making process abides by the many other than the few? 

What Alex did by tokenizing himself simply means that persons who invest in or are owners, or holders of Alex Masmej’s token as in $Alex (the dollar sign before “Alex” represents Alex Masmej as a commodity hereinafter referred to as $Alex Token) can vote and make life decisions for Alex Masmej. 

Like’s decisions include every decision Alex could make for himself, including what to wear, what kind of food he eats, places he should or should not visit, and even as trivial as when he should go to bed, daily. 

Alex thinks this is the best way to fund a startup, because there are little or no hitches at all in venturing into the crypto industry, probably due to its newness and less mass adoption.

This speaks volumes as to how financializing digital assets, life, people, and culture can facilitate and play a major role in the equitable distribution of wealth even though it places humanity as the stake, which is apparently the only challenge in the system. 

Inquiries from Alex himself reveal that almost all the investments in him are owned by founders and whales in the crypto industry who are out to help him, and think his self-tokenization as an idea is “funny” and somewhat adventurous and challenging.

While this is still a hot topic of discourse, it is trite to note that Alex is not exactly bound by any policy, as any investment in him is considered a risk as well as it is to be seen as some sort of crowdfunding. Therefore, it is not regulated by the SEC or any agency or even policy.

However, they have been a lot of concerns as to what happens should he succeed in his business which was the underlying reason he resorted to self-tokenization. 

And I think that has afforded us a billion-dollar question; should personalized tokens be regulated?


Solomon Oluwaseun Olukoya



This work is published under the free legal awareness project of Sabi Law Foundation ( funded by the law firm of Bezaleel Chambers International ( The writer was not paid or charged any publishing fee. You too can support the legal awareness projects and programs of Sabi Law Foundation by donating to us. Donate here and get our unique appreciation certificate or memento.


This publication is not a piece of legal advice. The opinion expressed in this publication is that of the author(s) and not necessarily the opinion of our organisation, staff and partners.


🛒 Take short courses, get samples/precedents and learn your rights at

🎯 Publish your legal articles for FREE by sending to:

🎁 Receive our free Daily Law Tips & other publications via our website and social media accounts or join our free whatsapp group: Daily Law Tips Group 6


Get updates on all the free legal awareness projects of Sabi Law (#SabiLaw) and its partners, via:

YouTube: SabiLaw

Twitter: @Sabi_Law

Facebook page: SabiLaw

Instagram: @SabiLaw.org_

WhatsApp Group: Free Daily Law Tips Group 6

Telegram Group: Free Daily Law Tips Group

Facebook group: SabiLaw




This publication is the initiative of the Sabi Law Foundation ( funded by the law firm of Bezaleel Chambers International ( Sabi Law Foundation is a Not-For-Profit and Non-Governmental Legal Awareness Organization based in Nigeria. It is the first of its kind and has been promoting free legal awareness since 2010.


As a registered not-for-profit and non-governmental organisation, Sabi Law Foundation relies on donations and sponsorships to promote free legal awareness across Nigeria and the world. With a vast followership across the globe, your donations will assist us to increase legal awareness, improve access to justice, reduce common legal disputes and crimes in Nigeria. Make your donations to us here  or contact us for sponsorship and partnership, via: or +234 903 913 1200.


Leave a Reply

Related Posts

Contact Support


Welcome! Log into your account