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BitcoinHD Claims To Have First SEC-Approved Security Token Offering, Seeks Listing On Coinbase
Summary: BitcoinHD (BHD), the Singaporean blockchain project, claims to have the first United States Securities and Exchange Commission (SEC) approved security token offering (STO) for potential listing on major U.S. exchange Coinbase. On March 30, BHD’s blockchain-based STO was given approval by the SEC under what is known as a Form D exemption. Form D is ...
BitcoinHD (BHD), the Singaporean blockchain project, claims to have the first United States Securities and Exchange Commission (SEC) approved security token offering (STO) for potential listing on major U.S. exchange Coinbase.
On March 30, BHD’s blockchain-based STO was given approval by the SEC under what is known as a Form D exemption.
Form D is a short registration form where the company only has to disclose essential information for potential investors in its securities issuance. The form is a lot shorter than the lengthy reports that are normally required for the sales of a non-exempt security to U.S. investors. Projects approved through Form D can only sell their security to accredited investors.
By Ramsey Baker
Tags: BitcoinHD,Coinbase,Form D,SEC,Security Token Offering,STO
Link: BitcoinHD Claims To Have First SEC-Approved Security Token Offering, Seeks Listing On Coinbase [Copy]
