The Maltese regulator, MFSA, has created a test of financial instruments that helps classify tokens in three key categories:
Utility Token Usually considered a virtual token
Security token It is usually captured under MiFID II and the Local Investment Services Law, and is therefore considered a financial instrument.
Virtual financial asset (VFA). Tokens that can not be considered or electronic money, virtual tokens or security tokens.
if 2GT is about coverting in a VFA. My question if there is currently any token that is treated like this or 2Gether will be the first one.
As I read recently in one of his publications, 2gether is working with Camilleri Preziosi, a leading law firm in Malta, and with Uría Menéndez, a global law firm based in Europe. Camilleri Preziosi is going through the process of becoming a VFA Agent, through one of its subsidiaries. The MFSA is expected to approve the VFA agents at the beginning of the second quarter of 2019. For this reason I think it is the first token that becomes a VFA within Europe and that will be its spontaneous value.