# Asset: Regulatory Domain
Legal classification, tokenization compliance, and securities law exposure for tokens.
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## What This Domain Covers
The regulatory domain evaluates a token's legal risk surface — how it's classified under securities law, whether tokenization processes comply with applicable regulations, and jurisdictional exposure.
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## L1 Branches (AND-split)
| Branch | Gate Question | What It Measures |
|--------|--------------|------------------|
| **Asset Tokenization** | Is the token a tokenized representation of a real-world or digital asset? | Tokenization compliance, asset verification, legal wrapper quality |
| **Classification Status** | Is the token's regulatory classification clear? | MiCA compliance, Howey test exposure, regulatory clarity, issuer disclosure obligations |
| **Compliance Documentation** | Does the token have compliance documentation? | Whitepaper quality, legal opinion availability, audit trail, KYC/AML documentation |
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## Related
- [[Welcome]] — All domain templates
- [[reference/Build Status]] — Current template completeness