Equity Tokens represent shares of equity in a company. Legally, they function as security tokens, structured as investment assets (“Vermögensanlagen”) and representing shareholders’ rights in off-chain companies. Technically, Equity Tokens are ERC20 tokens operating on the Ethereum network. They are legally-binding, meaning that both investors and companies’ rights are secured under the German legal system. Equity Tokens are technologically-enhanced, offering additional utility features such as shareholder governance.