kaal:claim:4021599-009

Securities tokens involve an underlying interest or function of the token to replace actual financial securities such as shares or equity in legacy businesses.

Source quote, verbatim

In other words, securities tokens involve an underlying interest or function of the token to replace actual financial securities, such as shares or equity in legacy businesses.11

From

Wulf A. Kaal, Securities Versus Utility Tokens (2022), II. General Characteristics of Securities Tokens, p. 6
https://ssrn.com/abstract=4021599 · source PDF

Cite as

Wulf A. Kaal, Securities Versus Utility Tokens (2022). SSRN: https://ssrn.com/abstract=4021599

Classification

definitionalsupport: assertedsecurities-lawtokenomics

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