Starting from this principle, Akemona has developed a digital securities issuance platform using blockchain that does not require banks, intermediaries, or brokers.
Fremont, CA: Akemona announces that its Akemona platform is now open for public beta testing. Akemona is the first SEC and FINRA-approved funding portal allowing United States businesses to issue digital securities to investors worldwide using smart contracts. Digital securities issued by businesses through Akemona are recorded on the Ethereum blockchain and are readily auditable by third-parties. This promotes full transparency of transactions on the Akemona platform. Akemona empowers businesses to raise up to $5 million per year under SEC Regulation Crowdfunding.
The public beta will be open for six weeks, between December 17, 2020, and February 1, 2021. As part of this public beta, Akemona has created mock digital security offerings on its platform. These digital securities have no monetary value, and no monetary payment is required to make test investments during the beta. Akemona will continuously enhance the platform based on user feedback and welcomes users' questions and comments.
The platform will go live for issuance and investments in the first quarter of 2021. Investment opportunities will be open to accredited, non-accredited, and institutional investors globally. Investors will be able to use traditional (credit cards, ACH, wire transfers) or blockchain-based stablecoin payment methods to participate.
Ravi Srivastava, Founding Partner and former Chief Information Officer of Travelers, strongly believes "... in the decentralization and democratization of financial markets through blockchain technology." He added that Akemona's public beta provides an excellent opportunity for everyone to become familiar with digital securities, emerging as the future of capital markets.
Brady Matthews, Akemona's Chief Technology Officer, points out, "Our platform will be particularly intuitive to the crypto-community, who are already familiar with the use of digital wallets." Brady continued that this public beta offers an easy introduction without requiring any monetary commitment for those who have never used a digital wallet.