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encyclopedia
NASAA — North American Securities Administrators Association
NASAA coordinates state securities regulators across 50 US states — and its positions on token offerings directly determine whether digital securities issuers must navigate state Blue Sky laws in addition to federal SEC exemptions.
encyclopedia
Tokenized Venture Capital
Tokenized venture capital funds and startup equity represent an emerging RWA category that could democratize access to early-stage investment — currently limited by Reg D exemptions to accredited investors but growing rapidly as platforms like Republic and Carta explore tokenized cap tables.