Securities Exemption
Regulation A+ (US Mini-IPO Exemption)
The JOBS Act 2012 securities offering exemption permitting retail investor participation up to $75 million annually, with SEC review of the offering document — providing a pathway for tokenized securities to reach non-accredited investors.
Regulation D (US Securities Exemption)
The US private placement exemption under the Securities Act 1933, providing the primary legal basis for token sales to accredited investors through Rule 506(b) and 506(c), including the SAFT structure.