Introduction
On the 11th of May, 2022, the Securities and
Exchange Commission issued New Rules on Issuance, Offering
Platforms and Custody of Digital Assets. This has come at a time
when there are rampant platforms offering digital assets as
securities either genuine or questionable e.g., Cryptocurrencies or
Non-fungible tokens. This article seeks to provide an insight into
what digital assets are, who can offer them and compliance for
digital offering platforms.
In ordinary parlance, digital assets are referred to as content
that is stored and transmitted digitally. That could mean images,
photos, and videos, files containing text, spreadsheets, or slide
decks. However, over the years it has evolved to be items that you
can buy, sell, and store and trade online but typically cannot
physically see or touch. They can be in the form of digital
currencies, or they may be the underlying works that are traded
using block chain technology. Either way, their value, like
