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% Document Info
\author{Legal Fellow (legal)}
\pdfinfo{
  /Title (classifications-of-digital-assets.pdf)
  /Creator (Cheatography)
  /Author (Legal Fellow (legal))
  /Subject (Classifications of Digital Assets Cheat Sheet)
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        \hspace*{-6pt}\includegraphics[width=5.8cm]{/web/www.cheatography.com/public/images/cheatography_logo.pdf}}
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\begin{tabulary}{11cm}{L}
    \vspace{-2pt}\large{\bf{\textcolor{DarkBackground}{\textrm{Classifications of Digital Assets Cheat Sheet}}}} \\
    \normalsize{by \textcolor{DarkBackground}{Legal Fellow (legal)} via \textcolor{DarkBackground}{\uline{cheatography.com/217357/cs/47716/}}}
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  \mymulticolumn{2}{p{5.377cm}}{\bf\textcolor{white}{Cheatographer}}  \\
  \vspace{-2pt}Legal Fellow (legal) \\
  \uline{cheatography.com/legal} \\
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  \mymulticolumn{1}{p{5.377cm}}{\bf\textcolor{white}{Cheat Sheet}}  \\
   \vspace{-2pt}Published 23rd February, 2026.\\
   Updated 23rd February, 2026.\\
   Page {\thepage} of \pageref{LastPage}.
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  %\includegraphics[width=48px,height=48px]{dave.jpeg}
  Measure your website readability!\\
  www.readability-score.com
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\begin{document}
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\begin{tabularx}{17.67cm}{x{1.9764 cm} x{5.2704 cm} x{3.7881 cm} x{5.4351 cm} }
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\mymulticolumn{4}{x{17.67cm}}{\bf\textcolor{white}{1. Payment Assets (Cryptocurrencies)}}  \tn
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{\bf{Asset Type}} & {\bf{Primary Purpose}} & {\bf{Key Examples}} & {\bf{Business Use Case}} \tn 
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Store of Value & Long-term digital "gold"; \seqsplit{censorship-resistant}. & Bitcoin (BTC) & Corporate Treasury: Companies like \seqsplit{MicroStrategy} hold BTC on balance sheets as a hedge against fiat inflation. \tn 
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\seqsplit{Protocol} \seqsplit{Native} & Used to pay "gas" fees for network operations. & Ethereum (ETH), Solana (SOL) & Operational \seqsplit{Infrastructure:} Paying for the execution of smart contracts or \seqsplit{decentralized} applications (dApps). \tn 
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\seqsplit{Privacy} Coins & Obfuscates transaction details for anonymity. & Monero (XMR), Zcash (ZEC) & Confidential B2B: Private settlements where transaction amounts must be hidden from competitors. \tn 
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\mymulticolumn{4}{x{17.67cm}}{If your business provides exchange services, custodial wallets, or order transmission for assets like Bitcoin, Ethereum, or Utility Tokens, you must hold a \{\{popup="https://legalbison.com/vasp-license/"\}\}Virtual Asset Service Provider (VASP)\{\{/popup\}\} license or if it's in the EU, a \{\{popup="https://legalbison.com/casp-license/"\}\}Crypto-Asset Service Provider (CASP)\{\{/popup\}\} license.}  \tn 
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\mymulticolumn{2}{x{17.67cm}}{\bf\textcolor{white}{2. Stablecoins \& CBDCs}}  \tn
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{\bf{Fiat-Backed:}} & Reserves held in traditional bank accounts (e.g., USDC, USDT). \tn 
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{\bf{Central Bank Digital Currencies (CBDCs):}} & Government-issued digital versions of fiat (e.g., Digital Yuan/e-CNY). \tn 
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{\bf{Algorithmic/Crypto-Backed:}} & Value maintained via smart contracts and collateral (e.g., DAI). \tn 
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\mymulticolumn{2}{x{17.67cm}}{{\bf{Business Use Case: Cross-Border Remittance}} \newline A company in London can pay a vendor in Singapore using USDC. The transaction settles in minutes rather than days, with fees significantly lower than SWIFT.}  \tn 
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\mymulticolumn{2}{x{17.67cm}}{\bf\textcolor{white}{4. Utility Tokens}}  \tn
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{\bf{Governance}} & Allows voting on the future of a protocol. \tn 
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{\bf{Service Access}} & Required to use a specific decentralized service. \tn 
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{\bf{Loyalty/Rewards}} & Tokens earned through brand engagement. \tn 
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\mymulticolumn{2}{x{17.67cm}}{Tokens that grant the holder access to a specific product or service within a blockchain ecosystem. They are not intended as investments but as "digital coupons" or "keys." \newline  \newline {\bf{Business Use Case: Decentralized Storage}} \newline A company can pay in FIL to store encrypted backups across a global network of providers, ensuring no single point of failure (unlike AWS or Google Cloud).}  \tn 
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\mymulticolumn{2}{x{17.67cm}}{\bf\textcolor{white}{3. RWAs / Security Tokens}}  \tn
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{\bf{Equity Tokens:}} & Digital shares of a private or public company. \tn 
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{\bf{Debt/Bond Tokens:}} & Digital representations of corporate or government debt. \tn 
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{\bf{Fractionalized Real Estate:}} & Owning 1/1000th of a commercial building. \tn 
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\mymulticolumn{2}{x{17.67cm}}{These represent digital ownership of a tangible or traditional financial asset. Under 2026 regulations (like MiCA in the EU), these are often treated similarly to traditional securities. \newline  \newline {\bf{Business Use Case: Capital Raising}} \newline A mid-sized real estate developer can "tokenize a real world assets" (RWAs) like a new apartment complex, allowing 500 small investors to buy in, rather than seeking one massive loan from a bank.}  \tn 
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\mymulticolumn{2}{x{17.67cm}}{\bf\textcolor{white}{5. Non-Fungible Tokens (NFTs)}}  \tn
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{\bf{Collectibles \& Art:}} & Digital provenance for high-value media. \tn 
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{\bf{Digital Identity/SBTs:}} & Soulbound Tokens (SBTs) that represent non-transferable credentials (e.g., a university degree). \tn 
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{\bf{Supply Chain/Phygitals:}} & A digital twin of a luxury handbag used to verify authenticity. \tn 
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\mymulticolumn{2}{x{17.67cm}}{Unlike the assets above (which are "fungible" or interchangeable), NFTs are unique. They represent a specific, one-of-a-kind item or right. \newline  \newline {\bf{Business Use Case: Supply Chain Transparency}} \newline A luxury watchmaker mints an NFT for every watch sold. The owner has a digital "birth certificate" that proves authenticity and tracks the repair history on-chain, increasing resale value.}  \tn 
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\mymulticolumn{4}{x{17.67cm}}{\bf\textcolor{white}{Summary: Regulatory \& Risk Profile}}  \tn
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{\bf{Classification}} & {\bf{Volatility}} & {\bf{Regulatory Clarity}} & {\bf{Key Risk}} \tn 
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\seqsplit{Cryptocurrencies} & High & Improving \seqsplit{(Commodity-like)} & Market \seqsplit{Volatility} \tn 
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\seqsplit{Stablecoins} & Low & High \seqsplit{(Banking-grade)} & Reserve \seqsplit{Transparency} \tn 
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Security Tokens & \seqsplit{Moderate} & Very High (Securities Law) & Liquidity \tn 
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Utility Tokens & High & Moderate (Consumer Law) & Project Failure \tn 
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NFTs & \seqsplit{Extreme} & Emerging (IP Law) & \seqsplit{Speculative} Bubble \tn 
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\mymulticolumn{4}{x{17.67cm}}{The regulatory landscape has shifted from "voluntary compliance" to a \{\{popup="https://legalbison.com/crypto-license/"\}\}mandatory licensing\{\{/popup\}\} environment. Operating without the correct authorization now carries significant legal and financial penalties, particularly under frameworks like \{\{popup="https://legalbison.com/mica-regulation/"\}\}MiCA in the EU\{\{/popup\}\} and the GENIUS Act in the US.}  \tn 
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