> For the complete documentation index, see [llms.txt](https://whitepaper.xend.finance/llms.txt). Markdown versions of documentation pages are available by appending `.md` to page URLs; this page is available as [Markdown](https://whitepaper.xend.finance/2.0-oae-onchain-assets-environment/2.8-assets-policy-in-oae/2.8.3-assets-as-smart-contracts-tokens-as-rights.md).

# 2.8.3 Assets As Smart Contracts, Tokens As Rights

The table below illustrates how AssetChain utilizes smart contracts and tokens to differentiate between assets and the rights associated with them.

| **Assets as smart contracts**                                                                                                                                                                                                                                                                  | **Tokens as rights**                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                      |
| ---------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------- | ----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------- |
| <p></p><ul><li>Land</li><li>Real estate</li><li>Movable property</li><li>Digital property</li><li>Intellectual property</li><li>Money, Cash</li><li>Financial instruments</li><li>Receivables</li><li>Shares, equities</li><li>Entities</li><li>Other transactable assets</li></ul><p><br></p> | <p><br>Token standards</p><ul><li>Singular ownership</li><li>Partial unit-based ownership</li><li>Joint ownership </li><li>Usufruct</li><li>Easement</li><li>Pledge</li><li>Right to the Premises</li><li>Mortgage</li><li>Collateral </li><li>Possession Rights</li><li>Leasing Rights</li><li>Licensing Rights</li><li>Other Rights</li></ul><p>Token sub-standards</p><ul><li>Resolutive and Suspending Conditions </li><li>Bearer or Identity Association </li><li>Event Triggers</li><li>Conditions </li><li>Other Legally Recognized Variables and Parameters </li></ul><p><br></p> |

<figure><img src="/files/1Qvk6aES56YUhcbh91ex" alt=""><figcaption><p>- AC 10 cardinal rules, assets and rights</p></figcaption></figure>