Offerings
How you can invest
Private offerings to verified accredited investors come first, under Rule 506(c). We're preparing a public offering under Regulation A, which will open to everyone once the SEC qualifies it.
Who can invest, and how much
| Investor | Route | Limit per offering | Status |
|---|---|---|---|
| Individual, not accredited | Public offering, Regulation A Tier 2 | 10% of the greater of annual income or net worth | After SEC qualification |
| Entity, not accredited | Public offering, Regulation A Tier 2 | 10% of the greater of annual revenue or net assets | After SEC qualification |
| Accredited investor | Public offering, or our private Rule 506(c) offerings | No limit | Private offerings open first |
Steps for investors
Choose your route
Accredited investors request private offering materials. Everyone else registers interest in the public offering on the sign-up page.
Accredited investors get verified
Through a third-party verification service, or with documents such as tax returns or a letter from your CPA, attorney or adviser.
Identity checks
Know-your-customer (KYC), anti-money-laundering (AML) and sanctions screening for every investor.
Read the offering documents
A private placement memorandum for private offerings, or the offering circular once the public offering is qualified.
Invest
Private offerings accept subscriptions when open. The public offering accepts money only after SEC qualification.
What each diamond listing discloses
Listing disclosure sheet
- GIA report
- Report number, checkable on GIA Report Check
- Color grade
- For example, Fancy Vivid Purplish Pink
- Carat weight
- In carats (ct), to two decimals
- Shape and clarity
- As graded by GIA
- Treatment
- Natural, untreated
- Appraisal
- Appraised value, appraiser and date
- Comparables
- Recent auction results for similar stones
- Provenance
- Auction records, named-stone history, mine-of-origin papers, and past owners who agree to be named
- Registry record
- The stone's registry history on Hedera
- Custody
- Vault location and insurer, arranged by the DAO
- Token
- Hedera token ID and total shares issued
- Terms
- Price per share, minimum, trading fee, storage and insurance costs, and the majority-sale price rule
Filings
Private offerings: a Form D notice filed with the SEC within 15 days after the first sale. Public offering: our Form 1-A offering statement [is being prepared / was filed on date, with a link to the preliminary offering circular].