# What is Reg D/Reg S?

Generally, when a company/project wishes to issue securities to investors, the issuer must register them with the US Securities and Exchange Commission (SEC).  However, by limiting our token offerings to Regulation D Accredited US investors and Regulation S international investors, we can have our offerings exempt from full SEC registration.  This helps reduce the time and cost of raising capital for real estate sponsors and helps you get quicker access to investment opportunities.  Under Reg D and S, realDAO does have the ability to advertise offerings publicly but can only accept US Accredited Investors and any investor outside of the US. 

For US-based investors, please refer to our Accreditation FAQ for more information on what it means to be an Accredited Investor and the accreditation process.

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