Financial and Securities Regulations

Read the following 2 articles and then answer the 3 questions.

"Security Tokens vs Tokenized Securities - Thought Leaders" https://www.securities.io/security-tokens-vs-tokenized-securities-thought-leaders/

What is an Asset-Backed Token? A Complete Guide to Security Token Assets https://medium.com/ico-launch-malta/what-is-an-asset-backed-token-a-complete-guide-to-security-token-assets-f7a0f111d443

1.In May, Adam bought a digital token representing one ton of coffee beans via a digital platform. He expects to resell it in October at a higher price. Does this token constitute a security?

2.What if the digital token represents a share of Tesla?

3.Which regulations may apply and in what way?