In the United States, “restricted securities” are securities that are subject to restrictions on transfer by their owner or holder. They are typically acquired in unregistered, private offerings either directly from the company issuing them or an affiliate of that
Securities Act Rule 144 is a “safe harbor” that provides objective standards that a security owner can rely on for compliant aftermarket transactions pursuant to Securities Act Section 4(a)(1). Rule 144 provides for compliant resales of restricted securities if a
In recent years and in many parts of the world, companies, individuals, and technical developers have used initial coin offerings, also called “ICOs,” “token sales,” and “digital asset sales,” as a way to raise capital to fund the development of
A blockchain is a distributed ledger technology (DLT) or list of entries – similar to a stock ledger – that is maintained by various participants in a network of computers and allows data to be stored globally on thousands of
A digital asset, coin, or token (aka – virtual currency) is a digital representation of value that functions as a medium of exchange (commodity) and can be traded digitally often using distributed ledger (blockchain) technology. Digital assets may represent other