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.
SEC — Digital Assets Division and the US Tokenization Regulatory Framework
The SEC is the primary regulator for tokenized securities in the US, with a 2025 policy shift toward industry engagement, a dedicated Crypto Task Force, and $0 in approved tokenized security issuances via S-1 registration as of 2026.
Regulation D vs Regulation A+: Choosing the Right Exemption for US Token Offerings
Most US security token offerings use Regulation D 506(b) or 506(c). Regulation A+ offers a path to retail investors for up to $75 million, but the SEC review process takes 6-9 months. This guide maps the regulatory pathways available to US token issuers in 2026.