Best Data Tokenization Software (2026): 10 Tools Compared

Comparing the best data tokenization software for 2026: 1. Enigma Vault, 2. TokenEx / IXOPAY, 3. Skyflow, 4. Basis Theory, 5. VGS, 6. Evervault, 7. Thales CipherTrust, 8. Protegrity, 9. OpenText Voltage SecureData, 10. Fortanix DSM.

Most data tokenization software pages look alike until you compare what sits underneath. I look at four things: where the real values are stored, which token formats the tool supports, what the vendor can prove about compliance and what you will pay. Those answers decide whether a tool fits your stack.

Which Data Tokenization Software Is Best? Quick Comparison

The best data tokenization software depends on what you protect: Enigma Vault is built for enterprises, startups and SMBs that want card, PII and file vaulting from one API, while Thales, Protegrity and OpenText Voltage fit large legacy enterprise estates.

What Does Data Tokenization Software Do?

Data tokenization software replaces sensitive values, such as card numbers, SSNs and health details, with tokens that have no usable meaning, and returns the original only to authorized requests.

Your application stores the token where the real value used to be. The real value lives in a secured vault, or you can recover it only through cryptographic keys, so a stolen database of tokens is worth very little to an attacker. Systems that hold only tokens often fall outside the scope of audits such as PCI DSS.

This guide covers data security tokenization only. I left out blockchain asset tokenization, language-model tokenization and masking-only tools, because they solve different problems. For the basics, read my guide to data tokenization use cases and how to choose a solution. For the architecture choice behind most of the tools below, see vault vs vaultless tokenization.

How I Evaluated the Best Data Tokenization Tools

I scored every tool on six criteria: token model, token formats, compliance evidence, searchability of protected data, integration and exit, and pricing transparency.

1. Token model: vault-based, vaultless, proxy or encryption-based. This drives performance, portability and your audit scope.
2. Token formats: random tokens, or format-preserving tokens that fit your existing database fields.
3. Compliance evidence: the certifications and attestations the vendor publishes, such as PCI DSS, SOC 2 and HIPAA support.
4. Searchability: whether you can look up or join records without detokenizing them.
5. Integration and exit: APIs, SDKs, deployment options and how hard it is for you to leave.
6. Pricing transparency: whether a starting price is public.

Where a vendor does not publish a fact on its own site, the card says so instead of guessing. Review scores are the ones G2 and Gartner Peer Insights showed on October 8, 2026. The images come from each vendor's own public pages.

The 10 Best Data Tokenization Software Tools

1. Enigma Vault: Best for Enterprises, Startups and SMBs That Need Card, PII and File Vaulting

Enigma Vault is a vault-based tokenization platform that protects payment cards, structured data and files through one REST API, for enterprises as well as startups and SMBs, with a free tier and public pricing.

Enigma Vault splits protection into Card Vault, Data Vault and File Vault. You send the sensitive value to the vault, store the token it returns and call the vault again only when you need the original. Card Vault also forwards stored cards to your payment gateway, so card numbers never pass through your own servers. NoPII, a separate product, tokenizes personal data before it reaches an LLM.

Pricing tiers

Lite tiers include community support, Plus adds email support and ephemeral key sharing, and Premium adds priority support.

Pros

• You get a free entry tier on every vault, plus 1M free NoPII tokens a month, so you can test on real data before you pay.
• One API covers cards, structured fields and files, and you can search encrypted data through exact-match lookup.
• It holds PCI DSS Level 1 and SOC 2 Type II, offers a BAA and has a 99.99% uptime SLA, and every price tier is published.

Cons

• Public reviews are few (6 on G2, 4 on Capterra), so you have less independent evidence than with older vendors.
• One G2 reviewer asked for deeper built-in reporting and analytics dashboards.
• The Lite tiers cover roughly 1,000 to 1,500 requests a month, and the site lists a SaaS API in US and EU regions with no self-hosted option.

2. TokenEx / IXOPAY: Best for Merchants With Multiple Payment Processors

TokenEx, now part of IXOPAY, is a payments-focused tokenization provider built around reducing PCI scope for merchants and fintechs that send card data to several processors.

TokenEx announced its merger with IXOPAY in 2024 and says its Universal Tokens can cut PCI scope by up to 90%, which is a vendor claim. Its homepage cites more than 500 merchants and fintechs as customers.

Pricing tiers

Pros

• It focuses only on payments, and the homepage names more than 500 merchants and fintechs as customers.
• Universal Tokens aim to unify payment data across channels and processors, which suits a multi-PSP setup.
• It has a 4.6 G2 rating from 17 reviews, one of the stronger scores on this list.

Cons

• There is no public pricing, so budgeting starts with a sales call.
• Reviewers point to limited reporting.
• The brand is mid-transition, with the TokenEx site now pointing you to IXOPAY, and the homepage lists no certifications.

3. Skyflow: Best for PII and PHI Vaulting With Granular Access Policies

Skyflow is a data privacy vault that isolates PII, PHI and payment data behind field-level policies, with a strong focus on AI and healthcare use cases.

Skyflow uses polymorphic encryption and governance controls, so each field can come back in a different form for different users. Its site names customers including ServiceNow, GoodRx, Flipkart, Visa and Workato.

Pricing tiers

Pros

• Field-level policies let different users see the same field in different forms.
• It lists the widest compliance coverage here for PII and health data (HIPAA, GDPR, DPDP, CCPA) alongside PCI DSS and SOC 2.
• It has a clear AI-agent and LLM focus, with enterprise customers such as ServiceNow and Visa named on its site.

Cons

• Pricing is quote-only.
• Independent review evidence is thin, with only a handful of public reviews.
• The homepage does not state token formats or whether the vault is vaulted or vaultless, so you have to ask.

4. Basis Theory: Best for Engineering-Led Payments Teams

Basis Theory is a developer-first cloud vault for payment data, with network tokens, an Account Updater and front-end SDKs, sold at a flat public entry price.

Pricing tiers

Pros

• Pricing is public, so you know the entry cost before you talk to sales.
• You can route to any PSP, and you get network tokens, an Account Updater and front-end SDKs.
• It states PCI Level 1, SOC 2 Type II, ISO 27001 and HIPAA.

Cons

• The $995 monthly entry price is steep for a small team.
• There are no public reviews on G2 or Capterra, so you have no independent track record to check.
• The Starter plan is US only, and the product is built around payments more than general PII.

5. VGS: Best for Removing Card Data Without Changing Application Code

VGS (Very Good Security) sits between your application and your processors as a proxy, so card data is captured and vaulted before it reaches your systems.

VGS calls itself a leader in payment tokenization and says it holds more than 10 billion tokens. It also applies the same proxy approach to PII for GDPR and CCPA programs.

Pricing tiers

Pros

• It has the strongest review base on this list, at 4.7 on G2 from 47 reviews.
• The proxy model means little or no change to your application code.
• VGS shows scale (10 billion tokens held) and highlights ISO 27001 on its site.

Cons

• The entry point is $1,000 a month.
• Reviewers find the documentation hard to navigate if you are not technical.
• Your traffic routes through the VGS proxy, so it becomes part of your request path, and there are no Capterra reviews.

6. Evervault: Best for Payments Teams That Want Encryption Plus Card Tooling

Evervault is an encryption-based data protection platform, not a classic token vault, with card collection, 3DS and network tokens built in.

Evervault encrypts your data and manages keys separately from the ciphertext, then offers products such as Relay and Functions so you can work with encrypted values. I include it because buyers who search for tokenization often land on it, and its model is worth understanding as a contrast to a vault.

Pricing tiers

The Platform plan adds these usage fees:

Pros

• Card collection, 3DS, network tokens and Apple and Google Pay come in one platform.
• It states PCI DSS 4.0.1 Level 1, SOC 2 Type II, HIPAA and CSA STAR Level 1.
• Keys are managed separately from your encrypted data, and Relay lets you work with encrypted values.

Cons

• Usage fees (for example, $0.005 per decrypt operation) come on top of the $995 platform price.
• Reviewers flag cost for smaller organizations.
• It is not a classic token vault, so what you expect about token formats and mapping will differ from the vault tools here.

7. Thales CipherTrust Tokenization: Best for Large Hybrid and On-Premises Estates

Thales CipherTrust Tokenization offers both vaulted and vaultless tokenization with format-preserving tokens, centralized key management and multi-cloud support.

Pricing tiers

Pros

• You can choose vaulted or vaultless per use case instead of committing to one model.
• Format-preserving tokens and column-level database protection let you avoid schema changes.
• It has a 4.7 Gartner rating and centralized key management that fits an existing Thales deployment.

Cons

• Reviewers cite high operating cost.
• Reviewers report performance limits on very large databases.
• There is no public pricing, and only 11 Gartner ratings sit behind the score.

8. Protegrity: Best for Analytics and Data-Platform Workloads at Scale

Protegrity is a vaultless data protection platform that combines tokenization, format-preserving encryption and dynamic masking, with integrations for AWS and Databricks.

Pricing tiers

Pros

• Vaultless tokenization means you have no vault to scale or keep available.
• Tokenization, format-preserving encryption and dynamic masking come in one platform.
• There is a free AI Developer Edition on GitHub, and review scores on both G2 (4.5) and Gartner (4.3).

Cons

• The homepage does not detail certifications.
• Team and Enterprise pricing is quote-only.
• The positioning leans toward enterprise data platforms, which can feel heavy if you run a small team with one data store.

9. OpenText Voltage SecureData: Best for Format-Preserving Protection in Legacy Systems

OpenText Voltage SecureData protects data across its lifecycle with format-preserving encryption, tokenization, hashing and masking.

Pricing tiers

Pros

• Format-preserving output drops into legacy schemas without changing your field lengths.
• You get several techniques in one product: encryption, tokenization, hashing and masking.
• It has the largest review base of the enterprise tools, with 69 Gartner ratings averaging 4.5.

Cons

• Gartner reviewers describe higher cost and complexity, even when they praise the protection.
• One reviewer says the client library needs modernization.
• Pricing is not public, and I could not confirm vault status or certifications on the product page.

10. Fortanix Data Security Manager: Best for Key Management and Tokenization in One Platform

Fortanix Data Security Manager combines key management, secrets and tokenization for card numbers, health data and PII, with HSM-backed key control.

Pricing tiers

Pros

• You get HSM-backed key control, with FIPS 140-2 Level 3 referenced by the vendor.
• Key management, secrets and tokenization run in one hybrid multicloud platform.
• It tokenizes PANs, PHI and PII, and the product page shows its management dashboard.

Cons

• Only 2 G2 reviews exist, too few to rely on.
• The product page does not say whether tokens are vaulted or vaultless, or give format-preserving detail.
• Pricing is not public.

How to Choose Data Tokenization Software by Scenario

Match the tool to the data you protect and the team that runs it: payments teams start with card-focused vaults, SaaS teams with PII vaults and large enterprises with platform-level products.

• Reducing PCI DSS scope: look at Enigma Vault Card Vault, TokenEx / IXOPAY, VGS and Basis Theory. All of them focus on keeping card numbers off your servers.
• PII or PHI in a SaaS application: consider Enigma Vault Data Vault or Skyflow, which isolate sensitive fields behind access policies.
• Enterprise databases and legacy formats: shortlist Thales CipherTrust, Protegrity and OpenText Voltage, which handle format-preserving tokens at scale.
• LLM and AI pipelines: pick a tool that tokenizes personal data before it reaches a model. Enigma Vault NoPII and Skyflow both target this. See my guide to PII tokenization for AI.
• Startups, SMBs and small budgets: start with a free tier. Enigma Vault's Lite plans and NoPII's free monthly tokens cost nothing, while several alternatives start near $1,000 a month.

Common Mistakes When Buying Data Tokenization Software

• Treating encryption and tokenization as the same thing. You can reverse encryption with a key, while a token has no mathematical link to the original.
• Ignoring exit costs. Ask how you would export your tokens and values if you left, and whether the token formats are portable.
• Trusting marketing labels. Terms like zero-knowledge or bank-grade need a precise definition and evidence from the vendor.
• Skipping governance on detokenization. Anything allowed to detokenize stays in your audit scope, so limit who and what can do it.
• Buying without a pilot. Test latency, throughput and search behavior with your own data before you commit.

Try Enigma Vault Free

With Enigma Vault, you can tokenize cards, structured fields and files through one API, whether you run an enterprise program or a startup, and you can begin on a free plan. Data Vault takes batches of up to 5,000 records and supports exact-match lookup and deterministic tokens, and Card Vault forwards your stored cards to your payment gateway. It runs on PCI DSS Level 1 and SOC 2 Type II certified infrastructure. Request a demo or start with the free tier and test it on your own data.