Akemona, Incorporated (“Akemona”) and Tritaurian Capital, Incorporated (“Tritaurian”) have announced FanMint™, the first digital securities issuance platform compliant with United States regulations, following their January partnership. FanMint will facilitate debt and equity issuances under Regulations CF, D, S, and A with a focus on the growing “Influencer” asset class. The platform is expected to go live in March 2021. 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.
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“FanMint is pioneering a financial market that gives content creators such as film and game studios, esports organizations, athletes and sports leagues, artists and entertainers, and social media personalities an opportunity to share their success with their fans,” said Jim Preissler, managing partner at Tritaurian.
FanMint will allow both accredited and non-accredited investors from the U.S. and abroad to participate in these opportunities. It is anticipated that the launch 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 With this change, non-accredited investors will have an expanded capacity to participate in offerings through FanMint.
The FanMint platform allows these influencers to raise capital from fans through the offer and sale of Branded Influencer Tokens™, to be issued on Ethereum and other blockchains. These digital debt or equity securities may be tied to the issuer’s ownership, income, revenue, or royalty streams. Additionally, issuers may offer experiential perks such as exclusive merchandise, digital collectibles, meet-and-greets, preferential ticketing, and other unique benefits to enhance their connection to fans.
FanMint’s structure gives issuers the ability to bypass banks with onerous interest rates, or antiquated contractual stipulations that limit upside and intellectual property rights. Replacing these intermediaries with blockchain technology helps connect issuers directly to investors while lowering the cost of capital. FanMint gives fans a tangible stake in the projects they love, while granting influencers unprecedented access to their supporters.
FanMint is building a non-custodial, decentralized marketplace. This means investors will hold the securities they invest in within their own digital wallets, removing the need to engage intermediaries to hold their assets. Further, FanMint’s smart contracts conform with regulations by providing built-in safeguards against an individual’s loss of their digital securities.
Additionally, the platform will be powered by the FAN Token™, a native asset of the ecosystem that will be issued as a compliant digital security. FAN Tokens will allow for direct participation in the success of the ecosystem through potential dividends, voting rights, discounts, preferential benefits, and experiential opportunities. The FAN Token is expected to launch in the first half of 2021.
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