Two-factor Security Token

A two-factor security token grants access to a sensitive network system - e.g., a bank account. Two-factor security tokens should not be confused with “normal” security tokens, as they are not digital assets but either hardware components (e.g., smartcard or key fobs) or OTP / FIDO tokens that are used to identify and authenticate users in two-factor authentication.

Similar terms

Digital Securities

Digital securities, also known as Security Token are blockchain-based representations of a security.

Security Token

A security token (also "equity token" or "investment token") is a cryptographic token that is tied to a value or security.

Security Token Offering

A security token offering (STO) describes a public offering of security tokens - i.e. of values, rights or debt relationships (=securities) that are mapped via digital assets.

Token

Tokens can be described as digital units of value representing specific assets or utilities that rely on existing blockchain technology.