Akemona is a FINRA regulated funding portal that will offer securities under Reg CF. Akemona intends on offering securities that are smart contract-based digital assets using blockchain technology.
Recently, Akemona and Tritaurian Capital announced FanMint, a digital securities issuance platform that is said to be compliant with US securities law. FanMint is expected to facilitate debt and equity issuances under Regulations CF, D, S, and A with a focus on the “Influencer” asset class.
FanMint is now accepting applications from studios, sports organizations and athletes, influencers, and other content creators interested in raising funds by offering and selling digital security tokens to their followers.
Fanmint is timing offerings to match the increase in the Reg CF funding cap. Last year, the Securities and Exchange Commission (SEC) decided to increase the amount an issuer can raise under the exemption from $1.07 million to $5 million. The increase has been embraced by the industry as well as potential issuers. Industry insiders expect the Reg CF sector of online capital formation to experience dramatic growth in the coming year due to the improvements enabled by the SEC. The increase should go into effect next week on March 15, 2021.
FanMint says it will allow both accredited and non-accredited investors from the U.S. and abroad.
The FanMint expects to raise capital from fans through the offer and sale of “Branded Influencer Tokens.”
FanMint describes these offerings as digital debt or equity securities that may be tied to the issuer’s ownership, income, revenue, or royalty streams.
Additionally, FanMint is said to be building a non-custodial, decentralized marketplace.
FanMint will also be issuing the “FAN Token,” that is expected to be issued as a compliant digital security. FAN Tokens may allow for direct participation in the the ecosystem through dividends, voting rights, discounts, preferential benefits, and experiential opportunities. The FAN Token is expected to launch in the first half of 2021.