Can a DAO Legally Offer a ‘Synthetic Asset’ That Tracks a Real-World Stock?

Legally offering a synthetic asset that tracks a real-world stock is highly regulated. Such assets are often classified as swaps or security-based swaps, which fall under the purview of derivatives and securities regulators.

A DAO would need to comply with stringent reporting, clearing, and registration requirements, making it practically impossible to offer them legally without a centralized, licensed entity wrapper.

How Does a DAO’s Legal Wrapper (E.g. Foundation) Address Regulatory Risk?
What Are the Trade-Offs between ‘On-Chain’ and ‘Off-Chain’ DAO Voting?
How Does the Account Model (Like Ethereum) Differ from the UTXO Model?
Explain the Difference between a ‘UTXO’ and an ‘Account-Based’ Model
What Are the Other “Greeks” in Options Trading (Delta, Gamma, Vega)?
How Does the Concept of “Legal Wrapper” Attempt to Reconcile DAOs with Traditional Law?
What Is the Difference between a ‘Future’ and a ‘Forward’ Contract?
Can an NFT Tied to Real-World Assets Be Considered a Security?

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