Accredited Investor
An accredited investor is an individual or entity meeting specific SEC wealth or income thresholds who may participate in Regulation D unregistered securities offerings — the primary investor class for most US tokenized security offerings.
Exempt Market Dealer
An Exempt Market Dealer (EMD) is a Canadian securities registration category for dealers operating in the exempt market (private placements) — relevant for US tokenization platforms expanding into Canada, which is among the most active markets for digital securities investment.