Legal Compliance

Whimsy LLC offers fractionalized real-world assets under a Regulation A Tier II 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 FINRA/SIPC.

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 Plaid 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.