Thesetokensdonotqualifyassecuritiesonlyiftheirsolepurposeistoconferdigitalaccessrightstoanapplicationorserviceandiftheutilitytokencanalreadybeusedinthiswayatthepointofissue.Ifautilitytokenfunctionssolelyorpartiallyasaninvestmentineconomicterms,FINMAwilltreatsuchtokensassecurities(i.e.inthesamewayasassettokens).

因为，风格投资者更关心的是所NfZ5买的股票在当前或者未来是否是hTVv所需求的风格类型，而不是其所2aeU资的股票下期能够获得多少收益JAHR。