This is cool. Shaun, how are you managing US security law compliance given that this token (representing equities in real companies) would be classified as a security offering?
@nickabouzeid Hi Nick! I am one of the participating founders.
22X is a private fund that is being offered pursuant to Section 506(c) and is reliant on available exemptions under the Investment Company Act. There's more specifics in our whitepaper, if you're curious.
@nickabouzeid@illfee Just to be clear: the holding period applies only to US investors. Outside the US, minimums are lower too. Within the US, we had to choose a compliance framework that made sense given the current legislative landscape.
@zabimaru_ichigo yeah that's why I specified 'readily accessible' it should be made very easy for interested parties to see who make up the team behind something like this. I rarely read whitepapers when a few red flags go off (can't find team members on the site being one of them).
Ramp
Haven (Gen II)