Qualified institutional buyer
QIB
A US securities-law category — institutional investors (typically managing $100M+) eligible to participate in restricted Rule 144A offerings.
QIB status unlocks faster secondary-market trading of restricted securities (including some tokenised-RWA products). Distinct from accredited-investor status (a lower bar applying to individuals).
Related terms
- SECThe US federal agency regulating securities markets — its enforcement decisions shape token-classification and stablecoin-as-security questions.
- Reg DAn SEC exemption letting issuers sell securities without full registration — used by tokenised RWA products targeting US accredited investors.
- RWA (real-world assets)Tokenised off-chain assets — Treasuries, money-market funds, credit pools, real estate — used as on-chain collateral or yield products.