United States, Jan 27, 2021 /AlexaBlockchain/ – Akemona and Tritaurian Capital have joined forces to jointly provide a range of services to businesses for issuance of exempt digital securities.
Akemona, the first smart contract-based funding portal in the United States, helps businesses raise capital by offering and selling digital securities on its platform under SEC Regulation Crowdfunding. Tritaurian is an investment bank and the first approved broker-dealer authorized to perform the private placements of digital securities under Regulations D, S and A, including the use of distributed ledger (i.e., blockchain) technology.
Jim Preissler, Managing Partner of Tritaurian, said, “This partnership will position the platform to allow businesses to issue digital securities across the entire exempt offering framework that includes Regulations CF, D, S and A. This will help businesses, which are raising funds, to extend participation in their private offerings to accredited as well as non-accredited investors.”
Under the partnership agreement, Akemona Technologies, an affiliate of Akemona, will provide technology for issuance of digital securities to Tritaurian Capital. On the Akemona technology platform, offerings under Regulations D, S and A will be conducted by Tritaurian and those under Regulation CF will be administered by Akemona, Inc. The Akemona technology platform is owned and managed by Akemona Technologies, a provider of technology services.
Ravi Srivastava, Founding Partner, Akemona, stated, “By cooperating on the technology platform, Akemona and Tritaurian eliminate duplication and optimize information requirements for a variety of offerings conducted under multiple exemptions. This reduces the level of effort required by businesses for raising funds through concurrent offerings under different SEC regulations and ensures that the information disclosed by businesses across various offerings is consistent.”
The Akemona digital securities platform is expected to go live in March 2021, and will coincide with the SEC’s recent decision to increase the 12-month offering limit for Regulation Crowdfunding from US$1,070,000 to US$5,000,000.