Definition ∞ Licensed Assets refer to digital or physical properties whose use, distribution, or transfer is governed by specific legal agreements or permits. These assets typically grant rights to the licensee under certain conditions, often involving intellectual property. In the digital asset space, this can include tokenized representations of copyrighted content, patented technologies, or regulated financial instruments. The licensing framework defines the scope of ownership and permissible actions for the asset holder.
Context ∞ The concept of licensed assets is increasingly relevant in the digital asset domain, particularly with the rise of non-fungible tokens representing intellectual property or fractionalized ownership of real-world items. Regulatory bodies are examining how existing licensing laws apply to these novel digital formats. Debates focus on clarifying the rights conveyed by holding a licensed digital asset and ensuring proper enforcement of these agreements within decentralized environments.
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