You could remove "tokens," and all the definition in contemporary finance can be applied.
The word "token" only shows that these financial assets are tokenized (or using blockchain technology).
Quote
a security is a tradable financial asset of any kind.
Securities are broadly categorized into:
debt securities (e.g., banknotes, bonds and debentures)
equity securities (e.g., common stocks)
derivatives (e.g., forwards, futures, options, and swaps).
Source: WikipediaSecurities are broadly categorized into:
debt securities (e.g., banknotes, bonds and debentures)
equity securities (e.g., common stocks)
derivatives (e.g., forwards, futures, options, and swaps).
The word "token" only shows that these financial assets are tokenized (or using blockchain technology).
Many thanks Enrico
