Legal Binding

A fund's offering documents and applicable entity agreements connect on-chain digital tokens with the off-chain legal structure for the underlying asset. Depending on the fund structure, a corporate resolution or similar instrument can record the property-owning entity's obligations, subject to legal review and the governing documents. The documents define the token holder's economic rights and do not by themselves state that a token transfers direct legal title. The applicable legal structure, disclosures, and rights depend on the fund and jurisdiction.