Akemona Announces Contracts with Sports Companies for Raising $10 Million Through Tokenization

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Oct 04, 2021, 20:40 ET

FREMONT, Calif., Oct. 4, 2021 /PRNewswire/ -- Akemona, the first SEC-registered, FINRA-member, crowdfunding platform that allows businesses to issue digital securities in the form of blockchain tokens, has announced the signing of two contracts, with a US football league and a sports infrastructure company, for raising $10 million on its platform. Both these offerings are expected to go live on the Akemona platform in 2022. Ravi Srivastava, Founding Partner of Akemona, noted that Akemona expects to sign 3 to 4 significant deals before the end of the quarter.

Businesses interested in raising funds on the Akemona platform by issuing tokens under SEC Regulation Crowdfunding are invited to register at https://akemona.com/welcome/borrower.

The Akemona platform provides small businesses, sports leagues, teams, athletes and artists the ability to issue tokens for their projects and to invite their customers, fans and the general public to invest in the projects by buying these tokens. As issuers, they can sell tokens representing bonds, which may be convertible into membership interest, common equity, or repayable in cash upon maturity.

Akemona provides a seamless investment transaction between businesses and its fans. Its technology allows the issuing businesses to easily manage their obligations to investors, while digital tokens provide investors the ability to trade directly with other interested parties. On the Akemona platform businesses set their own terms for issuing tokens. "Investors like it because they can expect to share in the profits or get a payback with interest. These benefits provide a better value to businesses than seeking a loan from a bank," Ravi Srivastava said.

Blockchain-based digital securities enjoy rising interest from investors as they offer direct ownership of the tokens purchased and the ability to trade them with interested buyers in the secondary market. Akemona is the only funding portal that can issue blockchain-based digital tokens as soon as the investor commits a payment.

To learn more about Akemona, visit https://akemona.com.

Media Contact:

Jacob Sparks
[email protected]
+1.510.943.4210

About Akemona, Inc.
Akemona (https://akemona.com), a pioneer in digital securities, is registered with the SEC and a member of FINRA (https://www.finra.org/about/firms-we-regulate/funding-portals-we-regulate) under Regulation Crowdfunding. Akemona is the first smart contract-based crowdfunding portal in the United States. Akemona uses the Ethereum blockchain to enable issuance of digital securities. Akemona Technologies, an affiliate of Akemona, has developed a digital securities issuance platform using blockchain that does not require banks, middlemen or brokers. Global investors fund projects directly by purchasing digital securities issued by U.S. businesses. This digitalization of securities contracts allows Akemona to reduce the cost of raising capital. Qualified businesses can offer and sell digital securities on the Akemona platform to raise funds. Digital securities can be traded 24x7, are settled immediately, and provide full transparency of trade and pricing, all of which increase investor confidence. All digital securities issued on the Akemona platform have a lock-in period of one year from the close of subscription.

Disclaimer
This communication is for information purposes only. Nothing in this press release should be construed as investment advice, endorsement, analysis, or recommendation with respect to any securities. Neither Akemona, Akemona Technologies, nor any of their respective officers, directors, agents and employees make any recommendation or endorsement whatsoever regarding any securities through this press release. Nothing in this press release should be construed as an offer to sell, a distribution, or a solicitation of an offer to buy any securities. Offering of securities are only made through the private placement memorandum and associated offering documents for each offering. These private placement memorandums contain specific details of fees paid to Akemona, and should be reviewed in detail before investing. The digital securities offered on the Akemona platform are only suitable for prospective investors who are familiar with and willing to accept the high risks associated with private investments, including the risk of complete loss of their investment. Digital securities sold through Akemona, pursuant to section 4(a)(6) of the Securities Act and SEC Regulation Crowdfunding thereunder, are highly speculative and illiquid.

SOURCE Akemona, Inc.