MiCA Defined Terms
Utility Token
A crypto-asset intended only to provide access to a good or service supplied by its issuer, falling under MiCA Title II.
Definition
A utility token is a type of crypto-asset that is only intended to provide access to a good or service supplied by its issuer. MiCA Title II governs the public offering of utility tokens — requiring a white paper but lighter than the ART or EMT regime. Tokens marketed as "utility" but with investment characteristics may fall under MiFID II as securities.
Regulatory citation