Common Classifications and Definitions - Classification General definition cryptocurrencies security tokens

Prominent examples include Bitcoin and Ether (although in some jurisdictions with broad definitions of securities, these might be considered security tokens) Utility tokens A utility token uses a distributed ledger or blockchain platform to provide access rights to a specific product or service, or to be used to purchase specific products or services. [...] Security token Although the definition of a security token varies across jurisdictions, these are tokens that provide the holder with rights like that of a traditional security, for example, the right to a share in the profits of the issuer. [...] *means a type of crypto-asset that purports to maintain a stable value by referring to the value of several fiat currencies that are legal tender, one or several commodities or one or several crypto-assets, or a combination of such assets. [...] Issuers A legal person who offers to the public any type of crypto-assets or seeks the admission of such crypto-assets to a trading platform for crypto-assets Crypto Asset These are entities that facilitate the purchase and sale contracts of Exchanges crypto assets with third parties against fiat currencies that are legal tender or other crypto assets by using proprietary capital. [...] Custody and A legal person acting on behalf of third parties’ means safekeeping or administration of controlling, on behalf of third parties, crypto-assets or the means of crypto- access to such crypto-assets, where applicable in the form of private assets/Crypto cryptographic keys.