“Rights to an AMC” refers to a digital asset represented as a token on the blockchain, which signifies an entitlement to the economic performance of an underlying AMC. 

This token grants holders the right to benefit from the AMC's market value changes and any distributions it generates. The underlying AMC is a listed note issued by a financial institution, linked to a managed reference portfolio. The value of the token is directly influenced by the portfolio's performance. 

By securing these rights on the blockchain, investors gain transparent, traceable proof of their entitlement to the AMC's economic benefits.