Finadium
0
Product was successfully added to your cart
  • Finadium
  • SFM Home
  • About SFM
  • Events
  • Webinars & Podcasts
  • SFM Magazine
  • Fintech Capital Markets
  • Login
  • SUBSCRIBE RSS
​

SEC weighs in on DAOs – yes digital tokens are indeed securities

August 14, 2017Richard Stinchfield

In what may be a seminal ruling, the Securities and Exchange Commission (SEC) has said that a so-called digital token qualifies as a security under the Securities Exchange Act of 1934. This was a case involving a “crowd governance” scheme on a blockchain, called a Digital Autonomous Organization (DAO), that allowed investors to purchase tokens representing an interest in future earnings from projects funded by the sale of the token. The tokens also came with rights that included voting privileges on which projects should be funded by the DAO.
This content requires registration. Get access today by signing up here.

Related Posts

  • Taxation, transparency and blockchain
    March 21, 2017
  • The real story behind the R3 Consortium’s “Admission of Defeat” on Blockchain
    February 28, 2017
  • How resilient will assets trading in blockchain networks be in a stressed market?
    July 12, 2016
Previous post Reuters: US Treasury debt issuance plans could increase repo costs, tighten credit Next post We don’t envy the Bank of Japan’s choices in Quantitative Easing

Click here to cancel reply.

SUBSCRIBE or Register for Free Access
  • Subscribe for access
  • Register for free to view non-premium content

Member Login

Forgot Password?
Create an Account
​
  • About Us
© 2018 Securities Finance Monitor. All Rights Reserved.
Facebook
Twitter
LinkedIn
RSS
All Articles
News and Notes
Basel III
CCP
Collateral Management
Derivatives
Featured
Liquidity Management
Regulatory
Repo
Securities Lending
Shadow Banking