TokenFunder has completed an important regulatory milestone of establishing TokenGX as Canada’s first registered Exempt Market Dealer with approval to issue digital securities using the TokenFunder security token issuance and investing platform.
TokenGX has been registered as Canada’s first Exempt Market Dealer (EMD) under the Canadian Securities Administrators (CSA) Regulatory Sandbox initiative and the OSC LaunchPad, with permission to issue digital securities on a public blockchain. (https://osc.gov.on.ca/en/Dealers_registrant-search_index.htm)
TokenFunder CEO Alan Wunsche says, “We are excited to establish TokenGX as Canada’s first Security Token Exempt Market Dealer. We knew earning this first-of-its-kind digital security token EMD registration in Canada wouldn’t be an overnight process – in fact, it was two years of design, development and iteration, working closely with the OSC LaunchPad and Canadian regulators to make this happen in a way that leverages our technology and puts investors first.”
Wunsche continued, “With this new EMD registration, we can provide an accessible, regulatory-compliant path for Canadians to invest in private Canadian companies. Our unique ability to execute Initial Token Offerings (ITOs) will help fund high-potential startups, scaleups and mature businesses raising capital by making them available to everyone. Retail investors will now have wealth-building opportunities previously only available to wealthy (accredited) investors.”
The TokenFunder Smart Token Asset Management Platform (STAMP) streamlines an automated Know-Your-Client (KYC) investor onboarding experience, enabling everyone to invest in accordance with up-to-date prospectus exemptions relevant to the issuing company. With efficient, blockchain-powered, record-of-ownership tracking built into the platform, investors will see their holdings and investor communications in a unified view on the platform’s portfolio dashboard. The platform’s investor relationship management services changes the landscape of today’s transactional offerings with longer term benefits for company issuers.
Wunsche added, “This begins with capital but there’s much more to the story. With many social, environmental and technological changes happening in the world today, people want investing opportunities that make a difference. We’re purpose-driven to offering everyday people impact investing and wealth-building opportunities that align with their values. Taking this path wasn’t easy but we’re excited about the democratization of investing opportunities in Canada, helping Canadians make an impact. As the number of offerings on the platform grows, this will enable liquidity and trading among investors not previously possible — we see this as the future of new digital asset marketplaces. This approval is an important step in our journey of offering a regulatory-compliant and efficient investing experience, so that everyone from accredited investors to loyal customers who want to become owners can participate, invest and make a difference.”
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Companies seeking to fund their growing impact or reward their loyal customer base with ownership opportunities are invited to contact email@example.com to receive further details about raising capital on the platform.
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