> For the complete documentation index, see [llms.txt](https://desci-codes.gitbook.io/desci.codes/llms.txt). Markdown versions of documentation pages are available by appending `.md` to page URLs; this page is available as [Markdown](https://desci-codes.gitbook.io/desci.codes/guides/v1/sales-of-royal-ipts-ipts-as-securities-asset-tokens.md).

# Sales of Royal IPTs: IPTs as Securities / Asset Tokens

### About

This document outlines the structure and legal considerations for creating and selling Royal IPTs, which are ERC20 tokens representing intellectual property (IP) rights and royalty rights. It covers the legal model, ownership, sale methods with or without an IP HoldCo, relevant securities laws (including private sales to accredited investors), whitepaper requirements, and region-specific rules for compliance.

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