> For the complete documentation index, see [llms.txt](https://dataroom.tmines.com/llms.txt). Markdown versions of documentation pages are available by appending `.md` to page URLs; this page is available as [Markdown](https://dataroom.tmines.com/instruments.md).

# Instruments

These are the **customer** token families issued by operators on the platform — distinct from the company-level instruments in **The Offering**. Each stands on a different body of law.

| Token                     | Family         | Legal character                                                                                                                | Resale                                                                            |
| ------------------------- | -------------- | ------------------------------------------------------------------------------------------------------------------------------ | --------------------------------------------------------------------------------- |
| **TMCT** — TM Claim Token | Debt           | Creditor position; collateral perfected via an independent collateral agent under UCC Article 9, at 1.5× coverage              | Rule 144 resale through a registered ATS / broker-dealer after the holding period |
| **TMVT** — TM Vault Token | Physical title | Holder owns the allocated asset; bailment / document of title under UCC Article 7 (third-party accredited custody)             | Not a security — no Rule 144                                                      |
| **TMFT** — TM Float Token | Equity         | 1:1 share-backed wrapper; shares held in custody under UCC Article 8; tracks share price with dividend and voting pass-through | Rule 144 resale (restricted security)                                             |

Economic terms (coupons, distributions, fees) for each instrument are disclosed in the relevant offering document, not here.

> TMCT is debt, TMVT is title, TMFT is equity. The protections of each derive from different statutes — they are not interchangeable.


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