Crypto asset is a term that generally refers to all the different cryptocurrencies. Ever since Bitcoin’s debut, there are now only 1644 different types of altcoins with different types of functions and utilities for each of them. These are normally used for trading, but they come with the added advantage that they can be used in other applications. There are three main types of tokens: equity, utility, and security. Utilities are almost viewed as coupons for startup services while security has some other intrinsic external value tied to it. Equity tokens are exactly what it sounds like, it is for companies to issue their shares of the company usually through Ethereum based smart contracts. A crypto asset exists in a digital form with its value being derived from the current supply and demand forces.
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