Whimsy
  • 🏠Whimsy
    • ❇️Introduction
    • 🎯Our Mission
    • ℹ️How It Works
      • Token Offerings
      • Fungible Tokens (FTs)
      • Legal Compliance
    • 🌎Global Strategy
      • United States
      • Caribbean
    • About
  • FAQ
    • Frequently Asked Questions
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Legal Compliance

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Last updated 8 months ago

Whimsy LLC offers fractionalized real-world assets under a exemption from the United States Securities and Exchange Commission. All securities-related activity is conducted through a registered broker-dealer that is a member of /.

How We Operate

  • Know Your Customer (KYC) identity verification – mandatory process of identifying and verifying the client's identity when opening an account and periodically over time. We will be partnering with to conduct KYC & Liveness checks.

  • By default a custodial smart contract will be made available once KYC has been verified. This will be used to hold ADA for automated purchasing and ROI distribution.

  • Only wallets that are whitelisted can own asset tokens. Thus after a customer is KYC’d, their wallet will be whitelisted.

  • The ability to burn tokens. This allows for restoring tokens in case an investor loses access to a private key.

  • Smart Contract transfer protocols for refunds if property doesn't meet the funding within the window or if a property is lost to natural disasters or accidents.

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ℹ️
Regulation A Tier II
FINRA
SIPC
Plaid