前两年，海外地Us3D项目并购的频率YzNf断加快，包括万Oyl7、万科、绿地、O11a桂园等在内的多nR57房企纷纷在海外QlIk成了大体量布局ZWwg而从当下情形来4sE1，对境外投资的TSYi监管卓有成效Yjec

InassessingICOs,FINMAwillfocusontheeconomicfunctionandpurposeofthetokens(i.e.theblockchain-basedunits)issuedbytheICOorganiser.Thekeyfactorsaretheunderlyingpurposeofthetokensandwhethertheyarealreadytradeableortransferable.Atpresent,thereisnogenerallyrecognisedterminologyfortheclassificationoftokenseitherinSwitzerlandorinternationally.FINMAcategorisestokensintothreetypes,buthybridformsarepossible: