What is tokenization?
Representing ownership of a security as a digital record on a distributed ledger, so issuance, transfer and distribution can be automated. It is a settlement and transfer technology; it does not change what the security is.
What are tokenized real-world assets (RWAs)?
Off-chain assets — Treasuries, credit, real estate, royalties, and here creator revenue participations — represented as digital securities. The cash flows come from the underlying asset, not the token.
Does tokenization change the legal character of a security?
Tokenization describes how ownership is recorded and transferred. It does not itself establish investor rights, eligibility or liquidity; those depend on the instrument and applicable rules.
What is the current regulatory position?
The legal treatment of each instrument and offering depends on its structure and applicable securities rules. Request the current offering documents for the Fund’s structure and restrictions.
Terms used here
More questions
- Creator revenueWhat the asset is, where the cash comes from, and how it is verified.
- CRTs & revenue shareThe instrument the Fund acquires and how it is issued.
- GigaStar secondaryWhere Fund assets list, and what secondary liquidity does and does not mean.
- Regulation & eligibilityWho can invest, and under which exemptions.
- GeneralThe vehicle, what it owns, and why it is permanent.
- InvestmentEligibility, minimums and how NAV is set.
- Proceeds and redemptionsDistributions, tender and the risk of loss.