Definition ∞ The issuance and distribution of new digital tokens or cryptocurrencies to investors. This process typically involves a project raising capital by selling its native digital assets. Such offerings facilitate funding for blockchain projects and distribute ownership or utility rights.
Context ∞ The regulatory classification of digital asset offerings remains a significant point of contention globally, influencing how these sales are structured and marketed. Discussions frequently center on whether a specific offering constitutes a security, commodity, or another asset class. Clarity in regulatory guidance is essential for the broader adoption and legitimacy of these fundraising methods.