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Token

Finance, Capital Markets, Enforcement and Compliance

A token is a crypto-asset that is created by means of a smart contract on an existing distributed ledger network, without a blockchain network of its own, and that represents a value, service or right in a particular ecosystem. There is no separate definition of a token in the Law; Capital Markets Law No. 6362 treats tokens within the broader concept of the crypto-asset. The definition of a token appears in the Capital Markets Board’s Communiqué No. III-35/B.2 on crypto-asset service providers.

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The explanations are for general information. The meaning of a term may vary depending on the area of law in which it is used and the period of the source. You can review the source and version information on the term page. Specific disputes must be assessed separately.

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