An illustration of the issuance process for Security Tokens titled “Tokenized Real Estate”. Starting on the left side of the image a paper stock certificate for Liberty Real Estate Fund is then fed into a machine labeled “Invest On Main Platform”. Dollar signs are being dropped into a hoper at the top of the machine and after combining the investment with the stock certificate, Security Token coins are rolling onto a conveyor belt off the right side of the machine. The subtitle at the top of the graphic says “Private Real Estate”.

The four components of the “Howey Test” are: 

Initial Public Offering (IPO)

Initial Coin Offering (ICO)

Security Token Offering (STO)

What Is An Accredited Investor?

Who Is An Accredited Investor in the United States

What Is A Sophisticated Investor?

What Is A Non-Accredited Investor?

Regulation A (Reg. A) Offerings

Regulation CF (Reg. CF) Offerings

Regulation S (Reg. S) Offerings

Regulation D (Reg. D) Offerings

Regulation D 506(b) (Reg. D) Offerings

Regulation D 506(c) (Reg. D) Offerings

*Note: Note: Invest On Main LLC (collectively have made every attempt to ensure the accuracy and reliability of the information provided. Invest On Main cannot not accept any responsibility or liability for the accuracy, content, completeness, legality, or reliability of the information contained herein. The information herein is not considered legally binding legal advice, tax guidance, or financial counsel.

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About the author

Michael Flight

Chief Strategy Officer of Invest on Main
CEO & Co-Founder of Liberty Real Estate Fund
Co-Founder of Blockchain Real Estate Summit
Co-Founder of Concordia Realty Corporation

Michael Flight was named the Godfather of Blockchain Real Estate by Forbes Crypto.  Michael achieved that distinction by co-founding Liberty Real Estate Fund, the World’s First Net Lease Security Token Fund, creating the Blockchain Real Estate Summit. More recently co-founding Invest On Main ( the Real Estate & Alternative Asset marketplace of the future and AcceleratedLaw a faster, cheaper way to create and tokenize securities offerings!

Michael is a real estate entrepreneur and real estate tokenization pioneer who is an expert in retail real estate investment, redevelopment and real estate on the blockchain.  He started his commercial real estate career in 1985, and then co-founded Concordia Realty Corporation in 1990, which continues to partner with some of the world’s most well-known banks, insurance companies, hedge funds and institutional investors in many successful investments.

DISCLOSURES, LEGAL AND TAX COUNSEL: Invest On Main LLC. (collectively and their affiliates do not provide tax, legal or accounting advice. This material has been prepared for informational purposes only, and is not intended to provide, and should not be relied on for, tax, legal or accounting advice. You should consult your own tax, legal and accounting advisors before engaging in any transaction or undertaking. Invest On Main LLC highly encourages individuals and investors to seek the counsel of a qualified attorney as well as seek the counsel of a tax professional or Certified Public Accountant (CPA) to determine if there are any potential tax liabilities or consequences as the result of anything contained herein.  NO GUARANTEE: All users of this website should understand there are NO GUARANTEES of any success, outcome or profitability of any transaction or undertaking, expressed or implied by Invest On Main LLC or any of its members, shareholders, officers or affiliates and will NOT be liable for any financial or other losses or damages incurred as a result of any undertaking. Go HERE to view complete DISCLOSURES.

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