How investing in a tokenized home works

Who can invest: No investment may be accepted until securities counsel and the required regulated intermediary/provider determine the lawful offering path.

Platform rule: AEUC may display education and collect a tokenization application, but must not activate investing, payment collection, token issuance, or secondary trading from this status.

Transfers: No token transfers or investment trading are enabled.

Disclosures: Property, ownership entity, title, valuation, debt, conflicts, fees, investor rights, risks and offering terms must be established before an offering opens.

AEUC rule: Default state for every new RWA tokenization request.

Who can invest: Non-accredited investors are subject to SEC Regulation Crowdfunding investment limits across all Reg CF offerings during a 12-month period. Accredited investors are not subject to those Reg CF investment limits.

Platform rule: The offering must be conducted exclusively through one SEC-registered broker-dealer or funding portal that is a FINRA member. AEUC cannot independently take investor orders or funds under Reg CF unless it has the required regulatory status.

Transfers: Reg CF securities generally cannot be resold for one year, subject to permitted exceptions.

Disclosures: The issuer must make required Form C and offering disclosures, including information about the issuer, offering, use of proceeds, ownership, financial condition and required financial statements.

AEUC rule: Best candidate for an everyday-person RWA lane when a qualified Reg CF intermediary is connected.

Who can invest: All purchasers must be accredited investors, and the issuer must take reasonable steps to verify accredited status. A checkbox alone is not sufficient verification.

Platform rule: General solicitation may be permitted, but the issuer and any platform/intermediary activity must comply with securities, broker-dealer and other applicable laws.

Transfers: Purchasers receive restricted securities; resale is not the same as freely tradable public stock or crypto.

Disclosures: Anti-fraud rules apply, and offering/property/entity/rights/risks/conflicts/fees should be fully documented with securities counsel.

AEUC rule: AEUC must not label someone accredited based only on self-certification. Verification must be handled under the applicable legal standard/provider workflow.

Who can invest: Non-accredited investors in a non-exchange-listed Tier 2 offering are generally limited to 10% of the greater of annual income or net worth for natural persons. Accredited investors are not subject to that Tier 2 purchase limit.

Platform rule: The issuer must complete the Regulation A qualification process and satisfy the applicable offering, financial-statement, reporting and intermediary requirements.

Transfers: Transfer/trading availability depends on the security, offering and compliant market infrastructure; tokenization does not create an automatic public crypto market.

Disclosures: Tier 2 requires offering materials, audited financial statements and ongoing annual, semiannual and current reports, subject to applicable rules.

AEUC rule: Possible future public-investor path for larger RWA programs; not auto-enabled by AEUC.

Who can invest: Eligibility, limits and investor verification are determined by the specific exemption or registered offering selected by qualified securities counsel.

Platform rule: AEUC must receive a documented compliance plan and required regulated-provider approvals before activating investor transactions.

Transfers: Transfers remain disabled until the applicable legal and market restrictions are implemented.

Disclosures: Required disclosures are determined by the selected offering path and applicable federal/state law.

AEUC rule: Use when Reg CF, Rule 506(c), or Reg A Tier 2 is not the selected path.