It seems that tokenized art would be granted an exemption as to SEC registration pre-sale, according to a new startup.
. Current Andy Warhol paintings on the market can fetch anywhere between $6 to $195,040,000 apiece, according to MutualArt.
As told by Freeport, the SEC clearance allows retail investors to gain fractional ownership of the fine arts market, which is typically exclusive to high-net-worth individuals due to pricing."Customers can display their pieces in a high-resolution personal gallery, select frames, and view other community members' galleries with rich social interactions that include comments, likes, and more," wrote the Freeport team.
"As more and more value moves on-chain, fractionalized art is increasingly being sought after by a younger, yet less financially flexible, class of investors." Anyone offering securities in the U.S. must either register with the SEC or seek an exemption. The Regulation A exemption allows companies, mainly startups, to raise $20 million in 12 months in a Tier 1 offering or $75 million in 12 months in the more stringent Tier 2 offering. On April 18, Gary Gensler, chairman of the SEC,Andy Warhol's Marilyn Monroe Portrait | Source: Fine Art Studies
Brasil Últimas Notícias, Brasil Manchetes
Similar News:Você também pode ler notícias semelhantes a esta que coletamos de outras fontes de notícias.
Microstrategy pays off $205 million Silvergate loan, buys $150 million worth of bitcoin: SEC filingA Securities and Exchange Commission filing shows that software company Microstrategy has paid off a loan to Silvergate at a 22% discount
Consulte Mais informação »
Here’s why CFTC suing Binance is a bigger deal than an SEC enforcementCFTC's lawsuit against Binance has opened a lot of debate on the timing of the action and its potential impact on the future of Binance in the U.S.
Consulte Mais informação »
2023 NFL Draft preview: Scouting report on South Carolina cornerback Cam SmithCan the SEC proven corner be the answer across from Tariq Woolen?
Consulte Mais informação »
Sen. Cotton blasts Sec. Lloyd Austin over Iran proxy attack: ‘I don’t believe you’Sen. Tom Cotton blasted Sec. Lloyd Austin for not immediately notifying senators of an Iranian proxy attack in Syria. Cotton argued Austin 'consciously' delayed the message.
Consulte Mais informação »
U.S. CFTC Chief Behnam Reinforces View of Ether as CommodityEther is a commodity, said CFTCbehnam. The CFTC chief reiterated the point in a House hearing, adding to a jurisdictional tug-of-war with the SECGov already suggested in his agency's binance action. jesseahamilton reports on the $ETH dispute
Consulte Mais informação »
SEC chief Gary Gensler to face Congress grilling over crypto policyThe House Financial Services Committee has jurisdiction over all aspects of the financial services sector, including banking, securities and digital assets in the United States.
Consulte Mais informação »