# kaal:claim:4021599-028

**Claim.** The term securities token is fairly well defined as of 2022, and additional regulatory guidance will continue to delineate its central features and distinguishing characteristics.

**Type.** predictive  **Support.** asserted

**Holds when.**

- as of 2022; assumes continued regulatory guidance

**Source quote.**

> The term securities token is fairly well defined in 2022 and any additional regulatory guidance will continue to delineate its central features and distinguishing characteristics.

**From.** Wulf A. Kaal, *Securities Versus Utility Tokens* (2022), V. Conclusion, page 15

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

**Verify.** sha256 of source PDF `bb03790af46b3710e306121cfae25f850e3e7477e0f95313af42b9feeb6bc0c4` at https://raw.githubusercontent.com/wulfkaal/Academic-Papers/main/papers/pdf/Kaal%20-%202022%20-%20Securities%20Versus%20Utility%20Tokens.pdf

**Topics.** securities-law, tokenomics

**Keywords.** securities-token, regulatory-guidance, nomenclature, digital-assets

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