The long-awaited roadmap for Eastman Kodak Co.’s digital token is finally here, and it’s a little confusing.
WENN Digital, the company licensing Kodak’s name to do an initial coin offering, sent emails to prospective investors Thursday with a link to a “light paper” detailing its plan for KodakCoin. The document said that the digital token probably won’t be a security ... but it could be.
“While WENN Digital intends for the KODAKCoin issuable under the SAFTs to be classified as utility tokens rather than securities tokens, WENN Digital will be required to make a final determination of the tokens’ status as one or the other prior to the time that the KODAKCoin are issued,” the firm said. “In conjunction therewith, WENN Digital may decide to seek formal or informal input from the staff of the US Securities and Exchange Commission.”
Reactie plaatsen
Reacties