Mainstreet Investment, LP, a Cayman Islands limited partnership issuing a digital token security backed by real assets, has released a memorandum of details and procedures related to the company’s Mainstreet Investment Token sale planned for January 2017. The Initial Token Offering Memorandum, or ITOM, outlines the Mainstreet sale’s goals and objectives according to Intellisys Capital, the fund’s general partner.
Led by Intellisys’ Chief Executive Officer Jason Granger and Charlie Shrem, the company’s chief technology officer, the fund aims to change the way investment can occur through the use of blockchain technology.
Shrem commented: “We want to be as upfront and transparent as possible about the token offering and what investors can expect. We’re raising the bar when it comes to raising funds through an initial token offering.”