Redemption
Exchanging a token back for its value in cash or the underlying asset under the published schedule.
Every asset page states who may redeem, the settlement window, the cut-off time and the fee. Redemption is priced at NAV on the settlement date.
Availability depends on your jurisdiction and investor status.
Related terms
Net asset value
The value of one token calculated from the assets behind it, less fees and liabilities, at a stated time.
SettlementThe moment a transfer becomes final and the records of both sides agree.
EligibilityThe test that decides whether a person or an institution may hold a given token in a given country.