Bell Rock glossary

Token Issuer

The entity that issues a project's tokens, commonly a Cayman foundation or company, subject to structuring and regulatory analysis.

Web3 & Digital Assets

Foundation Companies Act / VASP Act (As Revised)

October 17, 2026

A token issuer creates or distributes tokens under a defined legal and commercial arrangement. The issuer may be a company, foundation or another structure; the choice does not itself determine the token’s regulatory status. Token rights, distribution, proceeds, control and services provided must be assessed under applicable securities, virtual-asset, AML and other requirements. The issuer’s responsibilities should be distinguished from those of the protocol, developers and foundation.

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Virtual Asset · SAFT

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