> For the complete documentation index, see [llms.txt](https://whitepaper.turncoin.com/turncoin-whitepaper/llms.txt). Markdown versions of documentation pages are available by appending `.md` to page URLs; this page is available as [Markdown](https://whitepaper.turncoin.com/turncoin-whitepaper/japanese/turncoin/41-turncoin-dejitaruasetto.md).

# 4.1 TurnCoin – デジタル証券アセット

TheXchange は、VirtualStaX エコシステムを所有および運営する持株会社です。

TurnCoin は、TheXchange のデジタル証券です。

* TurnCoin は暗号通貨ではありません。
* TurnCoin はデジタル通貨ではありません。

TurnCoin は、世界中の TheXchange と VirtualStaX を強化する法律に準拠したデジタル 証券です。これは、イーサリアム ブロックチェーンで作成された ERC-20 デジタル証券トークンです。

TurnCoin は世界における TheXchange の開発、プロモーション、および管理のための資本を生成します。


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