Common use of Security Tokens Clause in Contracts

Security Tokens. 10.1 The Security Tokens are issued by the respective Issuers, and not by the Exchange. 10.2 A Security Token (or part thereof) may be traded on the Trading System only if an Approved Custodian has first taken custody of such Security Token. The Security Tokens are not permitted to be stored, used, listed or traded outside of the Trading System, and are not intended to be, and shall not be understood, deemed, interpreted or construed to be or be representative of any kind of currency (including digital currency), legal tender, money or deposit or substitute therefor. 10.3 The Security Tokens may only be acquired from Issuers via direct issuance outside the Trading System and/or from other Members via secondary trading on the Trading System, in accordance with the Exchange Requirements.

Security Tokens. 10.1 The Security Tokens are issued by the respective Issuers, and not by the Exchange. 10.2 A Security Token (or part thereof) may be traded on the Trading System only if an Approved Custodian has first taken custody of such Security Token. The Security Tokens are not permitted to be stored, used, listed or traded outside of the Trading System, and are not intended to be, and shall not be understood, deemed, interpreted or construed to be or be representative of any kind of currency (including digital currency), legal tender, money or deposit or substitute therefor. 10.3 The Security Tokens may only be acquired from Issuers via direct issuance outside on the Trading System and/or from other Members via secondary trading on the Trading System, in accordance with the Exchange Requirements.