entity · derived
Token classification
Derived node: assembled mechanically from the claims carrying token-classification. A roster, not an adjudicated definition.
Every claim under this term
- 3117224-021 : The UK Financial Conduct Authority takes the position that ICOs may be regulated as securities depending on the aspects and rights the coin holder obtains through holding the coin, assessed case by ca
- 3117224-024 : In Singapore there is no direct regulation of digital tokens under the Securities and Futures Act unless the currency is linked to an ownership or security interest in the issuer's assets or property.
- 3117224-028 : Under German law the decisive factor in classifying a token is which rights are associated with it; labels such as participation token, utility token, or payment token give only initial guidance and c
- 4021599-006 : The lack of a clearly delineated nomenclature for the term securities token has produced divergent uses and interpretations of that term, especially in relation to the term utility token.
- 4021599-007 : Securities tokens are typically investment contracts while utility tokens typically provide their users with access to a product or service, even though the lines between the different token types are
- 4021599-008 : The boundaries between the different types of tokens are regularly blurred, so the securities token versus utility token distinction functions as a typical case distinction rather than a clean partiti
- 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.
- 4021599-012 : The literature on securities tokens converges on two commonalities: that a securities token functions as or is synonymous with traditional security assets, and that securities tokens are subject to tr
- 4021599-023 : Utility tokens can be distinguished from securities tokens along several core factors: the purpose of the token, associated valuation, associated rights, user expectations, and regulatory status.
- 4021599-027 : The Howey test operates as the practical sorting device between the two categories: a token that passes the Howey test is deemed a security token, while a token that does not qualify under Howey is of
- 4021599-029 : As the digital asset industry matures, the distinguishing features between token categories and the associated case law will likely increase and provide more guidance to market participants.