Texas Finance Code - FIN § 160.001. Definitions

(1) “Commission” means the Finance Commission of Texas.

(2) “Customer funds” means the digital assets, fiat currency, or other property deposited by a digital asset customer.

(3) “Department” means the Texas Department of Banking.

(4) “Digital asset” means a natively electronic asset that confers economic, proprietary, or access rights and is recorded or stored in a blockchain, cryptographically secured distributed ledger, or similar technology, and includes:

(5) “Digital asset customer” means a person who deposits fiat currency or a digital asset with a digital asset service provider.

(6) “Digital asset service provider” means an electronic platform that facilitates the trading of digital assets on behalf of a digital asset customer and maintains custody of the customer's digital assets.