Cravath Publishes “Tech Explainer” on Crypto Token Classification

In November 2023, Cravath continued its “Tech Explainers” series, which introduces and explains technical, cutting edge concepts and describes their importance in a way that is accessible to and easily understood by business and legal professionals outside the development community.

The second installment in the series focused on crypto token classification. The article demystifies how crypto tokens are created, what standards they follow, and how they are ascribed functionality—both intrinsically and extrinsically. The article also explores why legal practitioners should understand token classifications.

Please click here to read the full article.