Tag: Utility Token

How can a utility token access deeper liquidity and price discovery—without turning into a security token? Within the EU’s MiCA/MiFID II framework, one workable route is to publish a transparent index of crypto-native activity, deliver that index through a signed oracle, and let venues list perpetual futures on the index.

Keep your token in MiCA and route derivatives liquidity to venues that shoulder MiFID II obligations. Our Hyperliquid tests show why the split matters: EU access to perps without KYC is a venue risk, not a loophole for issuers.