A digital token can change how an asset moves. Use five questions to separate the underlying investment, the legal claim and the technology around it.
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A closer look at digital finance 
Reserves, redemption rights and exchange liquidity answer different questions. A practical comparison of the routes from a stablecoin balance back to cash.
Similar price exposure can come with very different control. Compare brokerage shares with directly held bitcoin, including redemption, recovery and ongoing costs.
Separate confirmed transactions from attribution, exposed assets from losses, and a promised fix from evidence that the failed control changed.