VANGUARD FILES FOR SPECIALIZED FUNDS TRUST, DEFINES DIFFERENT CRYPTO ASSET TYPES

Summary from the TLDR Crypto newsletter

Vanguard's Specialized Funds Trust registration statement defines various types of crypto assets. It labels digital currencies as assets that are a store of value, medium of exchange, or unit of account that is blockchain-based and not issued by a central authority. A digital security token invokes some type of ownership over a separate asset. A digital utility token derives value from providing access to a particular product or network.