Minimum Age and Investor Eligibility Requirements
Who may hold an account, and who may invest
1. Purpose
This document sets out who may hold an account on the platform, and who may invest in a listed offering. The two are not the same gate: holding an account requires the first set of conditions below; investing requires all of them.
2. To Hold an Account
- Be at least 18 years of age (or the age of legal majority in the individual's jurisdiction of residence, if higher).
- Be capable of entering into a binding legal agreement.
- Complete identity verification.
- Not appear on any sanctions, watch, or prohibited-persons list applicable to the platform's operations, and be a resident of a U.S. state. Investing is available in all U.S. states.
3. To Invest in a Listed Offering
In addition to the account-level requirements above, an investor must:
- Be a verified accredited investor, as confirmed through the platform's accreditation verification process, consistent with the verification methods recognized under Rule 506(c) of Regulation D.
- Have a verification that remains current. Verification is performed for each new investment and is valid for ninety days from the date it was completed. An investor participating in more than one offering is re-verified at each new investment, consistent with how the platform's accreditation partner operates.
- Not be subject to any active platform-wide restriction.
- Be registered on-chain for the specific token being purchased.
- Meet any minimum or maximum investment amount set by the organization for that specific offering.
4. Business (Entity) Investors
An entity investing on the platform is subject to the same investment-level requirements as an individual, verified and evidenced at the entity level rather than through any individual member of that entity. An entity's accreditation is established through the entity-level test applicable to its structure, not through the personal accreditation of any person who accesses the account on its behalf.
5. Additional Criteria an Organization May Apply
Consistent with standard practice for privately placed securities, an organization offering a token on the platform may decline to accept a specific prospective investor for its own offering, for a legitimate business reason. This does not affect that investor's standing anywhere else on the platform, and it never operates to permit an investor who does not meet Section 3 above to invest.
The platform does not prescribe the specific business reasons an organization may or may not rely on for such a decision, beyond requiring that the reason be legitimate and non-discriminatory in the sense required by applicable law.
6. What Lapses, and What Does Not
A lapsed verification blocks new investment. It does not restrict an existing holding. An investor whose ninety-day verification window has closed, or who no longer qualifies, retains full ownership of, and the ability to transfer or redeem (where applicable), tokens already held. A new verification is required only to make a further purchase.