Digital assets and the token economy

.

Chapter 3 in Financial Services Law and Distributed Ledger Technology, 2024, pp 47-63 from Edward Elgar Publishing

Abstract: This chapter examines the different types of ‘tokens’ DLT projects can create, including security tokens, exchange tokens and utility tokens. It reviews the current state of regulatory thinking about what has been called ‘the token economy’ - the digitisation of interests located in both the physical world and the metaphysical world of the distributed ledger. Many new investment offerings begin life through an ‘Initial Coin Offering’ (ICO), a form of public offering of digital tokens designed to raise capital funding for the investment or project in question. The chapter reviews when ICOs constitute securities and when they might fall outside the scope of financial services regulation.

Keywords: Law - Academic; Law - Professional (search for similar items in EconPapers)
Date: 2024
References: Add references at CitEc
Citations:

Downloads: (external link)
https://www.elgaronline.com/doi/10.4337/9781035300884.00010 (application/pdf)
Our link check indicates that this URL is bad, the error code is: 503 Service Temporarily Unavailable

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:elg:eechap:21933_3

Ordering information: This item can be ordered from
http://www.e-elgar.com

Access Statistics for this chapter

More chapters in Chapters from Edward Elgar Publishing
Bibliographic data for series maintained by Darrel McCalla ().