kaal:claim:4021599-010

A key commonality that permits delineating securities tokens from other token designs is that securities tokens derive their value from an external tradeable asset.

Key commonalities of securities tokens characteristics enable the delineation of securities tokens from other token designs. A key commonality of securities tokens includes its ability to derive their value from an external tradeable asset.12 The underlying assets for

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

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

conditionsupport: arguedsecurities-lawtokenomicseconomicssystemic-risk

The quote above is an exact substring of the source PDF, whose sha256 is bb03790af46b3710e306121cfae25f850e3e7477e0f95313af42b9feeb6bc0c4. Extraction method: pdf-text-layer.
Attestation record: colloquium/attestations/f7fc0908f23e8990...json
Verify the binding yourself: curl -s https://wulfkaal.github.io/claims/4021599-010.md | sha256sum