Digital Token
/ˈdɪdʒɪtl ˈtoʊkən/
Definitions
- (n.) A digital representation of value or rights, secured and transferable using cryptographic technology, often used to signify ownership or participation in blockchain-based systems.
The investor purchased a digital token that represents shares in the project.
- (n.) A unit of data generated and recognized within a specific platform to access services, rights, or assets electronically.
Access to premium content requires the possession of a valid digital token.
Forms
- digital tokens
Related terms
See also
Commentary
The term 'digital token' can cover both fungible and non-fungible digital representations; drafting should clarify the token's legal nature and applicable regulations.
This glossary is for general informational and educational purposes only. Definitions are jurisdiction-agnostic but reflect terminology and concepts primarily drawn from English and American legal traditions. Nothing herein constitutes legal advice or creates a lawyer-client relationship. Users should consult qualified counsel for advice on specific matters or jurisdictions.