US SEC Digital Assets and Crypto Regulatory Framework
Digital asset activities (Commission interpretation) – US SEC Digital Assets and Crypto Regulatory Framework

US SEC Digital Assets and Crypto Regulatory Framework INT-VI: Structure wrapping as one-for-one redeemable receipts with locked, unused reserves and no yield

What does INT-VI require?

Interpretation Section VI: a redeemable wrapped token issued one for one against a deposited non-security asset, with the deposit held locked for holders and not transferred, lent, pledged or rehypothecated, redeemable by any holder one for one and offering no return, is a receipt that is not a security; a wrapped token over a digital security or an asset subject to an investment contract is a security.

Maintained by Gerard BlokdykVerified against the published standard Control text last updated

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