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Tokenizing Startups, from Utility Tokens into Security Tokens

Author

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  • Amroush, Fadi

Abstract

Blockchain is a revolutionary and commonly used technology nowadays. Blockchains are used in many fields, especially financial ones. Tokens are one application of blockchains that represents assets or access rights. Smart contracts and an underlying distributed ledger are used to manage tokens. In this paper, the differences between and the usages of utility and security tokens are discussed in depth. The problems of utility tokens and the ICO boom are mentioned as well. We also discuss how security tokens outweigh the benefit of utility tokens where companies and startups can use them as a standardized solution without suffering from utility tokens’ problems.

Suggested Citation

  • Amroush, Fadi, 2022. "Tokenizing Startups, from Utility Tokens into Security Tokens," MPRA Paper 116021, University Library of Munich, Germany.
    • Handle: RePEc:pra:mprapa:116021
    as

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    File URL: https://mpra.ub.uni-muenchen.de/116021/1/MPRA_paper_116021.pdf
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    References listed on IDEAS

    as
    1. Samieifar, Shadi & Baur, Dirk G., 2021. "Read me if you can! An analysis of ICO white papers," Finance Research Letters, Elsevier, vol. 38(C).
    Full references (including those not matched with items on IDEAS)

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    More about this item

    Keywords

    utility tokens; security tokens; blockchain; ICO; STO; ICO boom;
    All these keywords.

    JEL classification:

    • O31 - Economic Development, Innovation, Technological Change, and Growth - - Innovation; Research and Development; Technological Change; Intellectual Property Rights - - - Innovation and Invention: Processes and Incentives

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