Tokenization
Recording ownership of a security on a distributed ledger for issuance, transfer and distribution.
- Channel Revenue Token (CRT)A security representing a participation in a creator's channel revenue, on tokenized rails.
Questions that involve Tokenization.
What is a Channel Revenue Token (CRT)?
A security representing a participation in a creator's channel revenue, issued under an SEC exemption and recorded and transferred on tokenized rails. Holders receive their share of channel revenue as it is distributed.
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.
Definitions are provided for reference and are not investment, legal or tax advice. Any offer is made only by the Fund's confidential Private Placement Memorandum.