Akemona, the first SEC-registered, FINRA-member, crowdfunding platform that allows businesses to raise capital by offering and selling blockchain tokens, has announced that its platform is now live.
While making this announcement, Brady Matthews, the Chief Technology Officer of Akemona, added that three businesses, viz., Saber Manufacturing, LLC, Dedicated Sports Marketing, LLC, and Cueboom, have already started their campaigns on the Akemona platform for solicitation of interest from potential investors. “Akemona provides this service known as “Testing the Waters” at no charge to businesses who want to raise funds,” said Simon Grunfeld, an Akemona Founding Partner.
Describing the fundraising process, Simon added, “Upon completion of a successful testing-the-waters campaign, a business can use the Akemona platform to raise funds by selling blockchain tokens to investors. These blockchain tokens have a lock-in period of one year. After the lock-in period is over, the regulations allow investors to trade their tokens.” Adding a note of caution, he said, “The investors must review each business before investing in its tokens. There is no assurance that a secondary market in these security tokens will develop after one year or that an investor will be able to find a willing buyer.”
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Emphasizing the uniqueness of the Akemona platform, Brady explained that it is the only funding portal of its kind that has been developed ground-up to tokenize securities on the blockchain using smart contracts. All core functions of the platform are performed by smart contracts, which create verifiability and transparency of transactions. This allows investors to process transactions on the blockchain through the Akemona platform in a trustless manner. Tokenized securities can be directly exchanged between two parties connected to the Internet and the settlement is immediate. He added, “This is truly the future of capital finance.”
Blockchain-based digital securities enjoy rising interest from investors as they offer direct ownership of the tokens purchased and the ability to trade them with interested buyers in the secondary market.
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