# Legal In the real world, Colb Tokens are issued by a legal Trust, a fiduciary structure that holds and manages the underlying assets in accordance with the Trust deed. This structure protects the assets backing the Colb Tokens and establishes a bankruptcy-remote framework, segregating the underlying assets from the operational risks of the technology provider. A trustee is appointed to oversee the Trust and is bound by fiduciary duties and the Trust terms, ensuring proper governance and responsible asset management. Colb Tokens are structured in compliance with the Swiss Blockchain Act and qualify as ledger-based securities, granting holders on-chain rights and enforceable claims over the token rights, rather than mere contractual representations of RWAs. --- # Agent Instructions: Querying This Documentation If you need additional information that is not directly available in this page, you can query the documentation dynamically by asking a question. Perform an HTTP GET request on the current page URL with the `ask` query parameter: ``` GET https://docs.colb.finance/investment-core-tech/illiquid-real-world-assets/legal.md?ask= ``` The question should be specific, self-contained, and written in natural language. The response will contain a direct answer to the question and relevant excerpts and sources from the documentation. Use this mechanism when the answer is not explicitly present in the current page, you need clarification or additional context, or you want to retrieve related documentation sections.