Special purpose vehicle
A separate legal entity created to hold one pool of assets and nothing else.
An SPV isolates the assets behind a token from the operating business. Its purpose, its powers and its governing documents are published in the legal structure page.
Isolation depends on the documents and on the law of the jurisdiction. [Regulatory status statement: to be confirmed by counsel]
Related terms
Bankruptcy remoteness
A structure intended to keep an asset pool separate if the operating company fails.
IssuerThe entity that creates a token and owes the obligations described in its terms.
CustodianA firm whose business is holding assets for others, named in the documents and examined in the financial audit.