Accounting Token

Accounting tokens are essentially tokenized credit or debit entries (IOU/UOM), just like any spreadsheet-based accounting system.

What Is an Accounting Token?

Accounting tokens are best understood when you think of blockchain as a “distributed ledger.” They are an alternative to stablecoins, helping businesses to stay compliant. Stablecoins are a regulator's nightmare because they act like cash and can be used anonymously and globally. As a result, many jurisdictions treat stablecoins like the financial products they resemble, heavily regulating their use.