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TOKEN, contracts, crimes. A document or sign of the existence of a fact.
     2. Tokens are either public or general, or privy tokens. They are true or false. When a token is false and indicates a general intent to defraud, and it is used for that purpose, it will render the offender guilty of the crime of cheating; 12 John. 292; but if it is a mere privy token, as counterfeiting a letter in another man's name, in order to cheat but. one individual, it would not be indictable. 9 Wend. Rep. 182; 1 Dall. R. 47; 2 Rep. Const. Cr. 139; 2 Virg. Cas. 65; 4 Hawks, R. 348; 6 Mass. IR. 72; 1 Virg. Cas. 150; 12 John. 293; 2 Dev. 199; 1 Rich. R. 244.

TOKEN, commercial law. In England, this name is given to pieces of metal, made in the shape of money, passing among private persons by consent at a certain value. 2 Adolph. P. S. 175; 2 Chit. Com. Law, 182.

A Law Dictionary, Adapted to the Constitution and Laws of the United States. By John Bouvier. Published 1856.
References in periodicals archive ?
Liquid M Capital is a registered broker-dealer and the operator of an alternative trading system that brings together blockchain technology and facilitates the secondary trading of tokenised assets.
The Monetary Authority of Singapore (MAS) and the Singapore Exchange have said that they are to use blockchain to settle tokenised assets.
Global Banking News-November 13, 2018--Singapore central bank and Singapore Exchange to use blockchain to settle tokenised assets
The firm is looking to launch a broad suite of tokenised assets services for institutional investors.
Swarm Fund, a provider of tokenised private equity, has entered an agreement to list security tokens on OpenFinance Network (OFN), the trading platform for tokenised securities.
CoinMetro, a tokenised exchange platform, has said that it has secured liquidity for trading pairs with all of the major cryptos in Euro (EUR), US Dollar (USD), Japanese Yen (JPY), and British Pound Sterling (GBP).
Di Gang, an official at the bank's digital currency research department, said cheques would be tokenised and all operations will be conducted by smart contracts.
dollar, is critical for enabling mainstream adoption of blockchain technology for payments, as well as for supporting maturation in financial contracts built on smart contract platforms, such as tokenised securities, loans, and property.'
The blockchain-based platform is intended to enable companies to issue conventional equity and debt through tokenised securities that will be provided to investors through security token offerings (STOs).