Post by dracon on Mar 5, 2022 8:54:13 GMT 4
Securities Versus Utility Tokens
U of St. Thomas (Minnesota) Legal Studies Research Paper No. 22-15
15 Pages Posted: 8 Feb 2022
Wulf A. Kaal
University of St. Thomas, Minnesota - School of Law
Date Written: January 31, 2022
Abstract
The nomenclature for the term “securities token” is unclear and the term securities token has not been defined. The lack of a clearly delineated nomenclature resulted in various uses and interpretations of the term securities token, especially vis-à-vis the term “utility token.” This article helps clarify the nomenclature by first defining the general characteristics of securities tokens and the general characteristics of utility tokens. Thereafter, the article delineates key distinctions between the two categories.
SSRN-id4021599.pdf (313.9 KB)
U of St. Thomas (Minnesota) Legal Studies Research Paper No. 22-15
15 Pages Posted: 8 Feb 2022
Wulf A. Kaal
University of St. Thomas, Minnesota - School of Law
Date Written: January 31, 2022
Abstract
The nomenclature for the term “securities token” is unclear and the term securities token has not been defined. The lack of a clearly delineated nomenclature resulted in various uses and interpretations of the term securities token, especially vis-à-vis the term “utility token.” This article helps clarify the nomenclature by first defining the general characteristics of securities tokens and the general characteristics of utility tokens. Thereafter, the article delineates key distinctions between the two categories.
SSRN-id4021599.pdf (313.9 KB)