A recent event has prompted many to speculate the possibility that investment banking giant Vanguard may be having a rethink on its crypto stance.

Vanguard Offers Definition of Crypto Terms

As detailed in a recent update, the company has filed for a new “Vanguard Specialized Funds” with the  United States Securities and Exchange Commission (SEC). As revealed, “the Fund seeks to track the performance of a benchmark index that measures the investment return of common stocks of companies that have a record of increasing dividends over time.”

In the lodged filing, there was a mention of Digital Currency alongside some key crypto-linked definitions provided by the investment management firm.

Vanguard described “digital currency” as a digital asset that acts solely as a store of value, a medium of exchange, or a unit of account. It was further categorized as a digital asset that is not issued or guaranteed by any jurisdiction, central bank, or public authority.

According to Vanguard’s filing, digital asset relies on algorithmic techniques to facilitate the regulation of the generation of new units of the digital asset. It equally has transactions that involves the digital asset recorded on a decentralized network or distributed ledge.

Noteworthy, the firm went on to offer a distinction between digital currency and digital security token. This second group encompasses any digital asset that is neither a digital currency nor a digital utility token. As submitted to the SEC, digital security token oftentimes derive its value primarily from, or represent an interest in, a separate asset or pool of assets.

The last group of asset described by Vanguard is the digital utility token. This was described as a digital asset that provides access to a particular network, product, or service amongst others.