Standards-anchored to primary IFRS and FASB text. Worked figures are illustrative. Not accounting advice.
TCTokenCapitalisation
Definition

Capitalisable token spend

Defined term
Capitalisable token spend is token spend incurred in the development phase of an internally generated intangible that meets all of the IAS 38 recognition conditions IAS 38 §54-62. It is distinct from research-phase experimentation and from run-phase inference, both of which are expensed as incurred. The distinction is drawn per tagged request, not per vendor invoice.

The recognition conditions

Under IAS 38, development-phase expenditure is capitalised only when the entity can demonstrate all six conditions: technical feasibility of completing the asset, the intention to complete and use or sell it, the ability to use or sell it, how it will generate probable future economic benefits, the availability of resources to complete it, and the ability to measure the attributable expenditure reliably IAS 38 §54-62. Token spend that fails any one of these is expensed.

Development, not research or run

Three buckets of token spend sit side by side. Research-phase tokens, burned exploring whether a fine-tune or retrieval approach can work at all, are expensed. Development-phase tokens, consumed building the specific asset once feasibility is established, may be capitalised. Run-phase tokens, consumed serving the finished asset in production, are an operating cost of the period. The token ledger is what lets these be separated cleanly, because each request is already tagged.

Measured per request, not by allocation

The reliable-measurement condition is the one token capitalisation is best placed to satisfy, because metering produces a priced figure for each request rather than a period estimate spread across cost centres. An amount built from tagged development-phase rows is more defensible than an allocation, and it ties directly back to the token ledger when the auditor asks what the capitalised figure is made of IAS 38 §54-62.