CTF Written Submission

Recommendation Letter - Supplementary Clarification No. 5: Comparative Analysis and Final Recommendation on Dual-Nature vs Conversional Dual-Token Models under STO+ Framework

April 17, 2025
  • The Unified Dual-Nature Token Model dynamically transforms between utility and security states based on context and user action.
  • The Conversional Dual-Token Model involves two distinct tokens (ST+ for utility and ST for security) with controlled two-way conversion mechanisms.
  • The recommendation is for the SEC to consider the Unified Dual-Nature Token Model as it aligns with SEC principles and offers regulatory clarity while promoting digital asset utility and investor protections.

Last Reviewed or Updated: April 17, 2025