Ownership and Legal Structure

Bankruptcy Estate

A bankruptcy estate generally refers to the assets and legal interests that become subject to an insolvency or bankruptcy process when a person or...

Bankruptcy Remoteness

Bankruptcy remoteness refers to a legal structure designed to reduce the likelihood that assets held for investors become part of another company's...

Beneficial Ownership

Beneficial ownership means having the economic benefits or rights associated with an asset even when another person or legal entity is recorded as...

Economic Rights

Economic rights are rights to receive financial benefits connected to an investment. These could include income, dividends, interest, distributions...

Governance Rights

Governance rights give investors or token holders the ability to participate in certain decisions relating to an asset, company, fund or protocol....

Issuer

The issuer is the legal entity responsible for issuing a financial instrument or token to investors. Depending on the structure, the issuer could b...

Jurisdiction

Jurisdiction refers to the country, state, territory or legal system whose laws and regulatory authorities apply to a person, company, asset or tra...

Legal Ownership

Legal ownership refers to the person or entity formally recognized by law as the owner of an asset. In an RWA structure, the legal owner might be t...

Legal Wrapper

A legal wrapper is the legal structure used to connect an asset or investment with the rights represented by a token. This might involve a company,...

Ownership Rights

Ownership rights are the legal rights associated with owning an asset or an interest in an asset. Depending on the structure, these may include rig...

Security

A security is a financial instrument or investment that may represent ownership, debt, a financial claim or other investment rights. Shares and bon...

Security Token

A security token is a digital token that represents a security or investment rights that are treated as securities under applicable law. It might r...

Shareholder

A shareholder is a person or entity that owns shares in a company. Depending on the type of shares and the company's governing documents, sharehold...

Special Purpose Vehicle (SPV)

A Special Purpose Vehicle, usually shortened to SPV, is a separate legal entity created for a specific purpose. In tokenization, an SPV may be esta...

Token Holder

A token holder is a person or entity that holds a particular digital token. In an RWA structure, that token may represent ownership, economic right...

Transfer Restrictions

Transfer restrictions are rules that limit who can receive, hold or trade an asset or token. Restrictions may arise from securities laws, investor...

Voting Rights

Voting rights allow investors or owners to vote on certain decisions relating to a company, fund, asset or investment structure. The decisions inve...