Never miss another interview! Join Devin here: http://bit.ly/joindevin. Andrew Jewett, Co-CEO of Aperture, is writing a new script for raising money for the firm’s new real estate fund. The firm will issue a new cryptocurrency with each coin representing a share of the fund. The funds raised will be used to rehabilitate homes lost to foreclosure to make them habitable and ready for families to occupy them. The use of a coin to represent a share of a fund is new. The SEC has argued for some time that the issuance of a new cryptocurrency may constitute the issuance of a security. Many coin issuers have avoided this by issuing their coins outside the U.S. Jewett chose to issue the firm’s new coin as a security under Regulation D section 506(c). Check out my free webinar where I share the secrets of successful nonprofit crowdfunding at http://crowdfundingforsocialgood.org.
This Crypto Offering Under SEC Regulations Will Fund Neighborhood Renewal - Andrew Jewett - #622