What is a crypto token?

Crypto tokens are a digital representation of an asset or interest in something and are built on a blockchain. Crypto tokens can also be used as investments, to store value, or to make purchases. Cryptocurrencies are digital representations of value designed to facilitate transactions (making and receiving payments) using blockchain technology.

What are blockchain tokens?

Blockchain tokens include reward, utility, security, governance, and asset tokens. Crypto tokens are digital representations of interest in an asset or used to facilitate transactions on a blockchain. They are often confused with cryptocurrency because they are also tradeable and exchangeable.

Is cleartoken a CCP for digital assets?

As an independent central counterparty, ClearToken will establish trusted risk management infrastructure in digital markets. No CCPs have emerged for Digital Assets. Most transactions in Digital Assets take place without any means for cash and assets to be delivered simultaneously and risk is associated with every individual transaction.

How do cryptocurrencies work?

Unlike traditional money, cryptocurrencies aren't managed by government institutions. All transactions involving particular cryptocurrencies get logged onto a centralized blockchain, a ledger that facilitates movements between secure addresses. Coins and tokens are both digital assets used to transact on the blockchain.