More terms
Digital Security
A security represented in crypto-asset form, with ownership recorded through crypto networks; token-holder rights can differ from rights in any referenced underlying security.
What traders should verify
For Digital Security, identify the network, application, asset, holder rights, transfer mechanics, issuer or operator, and the date of the SEC source's characterization.
Do not conflate
The label Digital Security, its technical function, or one SEC staff description does not by itself determine the legal treatment of every asset or transaction.
Primary source
SEC definitionSource boundary: this glossary reflects SEC staff views and is not a Commission rule, regulation, or statement. Check the linked source for current wording and legal context.