> For the complete documentation index, see [llms.txt](https://get-realty.gitbook.io/docs/llms.txt). Markdown versions of documentation pages are available by appending `.md` to page URLs; this page is available as [Markdown](https://get-realty.gitbook.io/docs/legal-and-compliance/token-legal-classification.md).

# Token Legal Classification

GetRealty asset tokens are not classified as securities under EU law, including MiCA regulations, based on a legal assessment that aligns with applicable European frameworks.

### Why GetRealty Tokens Are Not Securities

**Our legal analysis confirms:**

* Token holders do not receive ownership rights in the underlying property.
* Investor returns come from:
  * Market value appreciation of the property.
  * Distribution of net rental income, managed and operated by GetRealty.
* Tokens function as utility tokens, granting holders the right to participate in income distribution and benefit from property value growth, without conferring control or governance rights.

### **Regulatory Compliance**

* The platform operates under the jurisdiction of Cyprus and is fully compliant with MiCA regulations of the European Union.
* All users must complete KYC and AML verification before investing.
* The platform follows strict investor protection, anti-fraud, and transparency standards.

### **Jurisdictional Limitations**

* U.S. residents and citizens are restricted from access.
* Token sales are available only in jurisdictions where such offerings are legally permitted.

### Conclusion

GetRealty tokens are structured to provide investors with secure, transparent, and compliant access to real estate income and value growth — without being classified as securities under EU law.