Shortly after sealing an approval from the United States Securities and Exchange Commission for its security token offering, Singaporean blockchain project BitcoinHD (BHD) is seeking a listing on major exchange Coinbase.
On March 30, the SEC had approved BHD’s blockchain-based STO under what is known as a Form D exemption.
Form D is a short registration form in which a company discloses essential information for prospective investors in its securities issuance. The form is notably much shorter than the lengthy reports that are required for the sales of a non-exempt security to U.S. investors. Approved projects can only sell their security to accredited investors.
These are defined in the U.S. as individuals with a net worth of over $1 million, or who consistently make $200,000+ per year in income, or as enterprises with over $5 million in assets. ..
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