Governance Token

A bearer instrument token which grants holders of the token the capacity to "vote" in a smart contracts implementation of a DAO or other DeFi protocol.

Governance tokens are imitations of voting shares stock as seen in regulated security.

See also DeFi and DAO.


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  3. El Faqir, Youssef, Javier Arroyo, and Samer Hassan. 2020. ‘An Overview of Decentralized Autonomous Organizations on the Blockchain’. PervasiveHealth: Pervasive Computing Technologies for Healthcare, August.
  4. Rikken, Olivier, Marijn Janssen, and Zenlin Kwee. n.d. ‘The Ins and Outs of Decentralized Autonomous Organizations (Daos)’. Available at SSRN 3989559.