Digital Banking

Akemona launches tokenization platform

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November 19, 2021

Akemona, a crowdfunding platform for businesses to raise capital with blockchain tokens, has officially launched its tokenization platform. With this service, businesses can tokenize securities on a blockchain with smart contracts, according to a press release.

Two parties can exchange tokenized securities between themselves with immediate settlement through smart contracts.

"Upon completion of a successful testing-the-waters campaign, a business can use the Akemona platform to raise funds by selling blockchain tokens to investors. These blockchain tokens have a lock-in period of one year. After the lock-in period is over, the regulations allow investors to trade their tokens." Simon Grunfeld, founding partner, Akemona, said in the release. "The investors must review each business before investing in its tokens. There is no assurance that a secondary market in these security tokens will develop after one year or that an investor will be able to find a willing buyer."