crypto asset
/ˈkrɪptoʊ ˈæsɛt/ · cryp·to·as·set
noun
- A digital representation of value, right, or utility that exists on a blockchain or other distributed ledger and can be owned, transferred, or traded. Investors diversified their portfolios by adding several crypto assets such as Bitcoin, Ethereum, and stablecoins.
- Any token, coin, or digital instrument that functions as a medium of exchange, store of value, or unit of account within a decentralized network. The platform issued its own crypto asset to reward contributors and grant voting rights.
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Did you know? The U.S. Securities and Exchange Commission began using the term “crypto asset” in its 2019 guidance to clarify how existing securities laws apply to digital tokens.