Eligibility
Eligibility & Restrictions
This section outlines the types of persons that are prohibited or restricted from subscribing for, acquiring, or redeeming IXRWA tokens and Ownership Tokens (OTs).
Who Is Eligible to Invest in IXRWA Tokens?
IXRWA tokens are generally intended to be available to non-US investors, subject to certain jurisdictional and other restrictions. This page provides information on the types of persons that are prohibited or restricted from participating in the IXRWA protocol.
Jurisdiction-Based Prohibitions
Individuals residing in or citizens of, and entities organized under the laws of or with a principal place of business in, any jurisdiction listed below ("Prohibited Persons") are prohibited from subscribing for, acquiring Ownership Tokens (OTs) or redeeming IXRWA tokens:
1
Afghanistan
2
Algeria
3
Belarus
4
Canada
5
China
Does not include Hong Kong
6
Crimea, DNR, LNR, Kherson, Zaporizhzhia, Sevastopol
Occupied regions of Ukraine
7
Cuba
8
Democratic Republic of Korea
9
Eritrea
10
Iran
11
Iraq
12
Libya
13
Myanmar
14
Morocco
15
Nepal
16
Russia
17
Somalia
18
South Sudan
19
Sudan
20
Syria
21
Venezuela
Important Note for U.S. Persons: Persons who are located in, or place buy orders from within the United States, or any of its states, possessions, territories or federal districts, and persons who are "U.S. persons" or acting for the account or benefit of any "U.S. persons" within the meaning of Rule 902 of Regulation S promulgated under the United States Securities Act of 1933, as amended, are also prohibited from subscribing for, acquiring Ownership Tokens (OTs) or redeeming IXRWA tokens.
United States, or any of its states, possessions, territories or federal districts (we are working on it)
Additional Prohibitions
The IXRWA protocol also prohibits persons from subscribing for, acquiring, or redeeming tokens if it determines, in its sole discretion, that such activity may constitute a violation of:
Applicable laws, rules, or regulations, including but not limited to sanctions restrictions
The terms of IXRWA tokens' governing documents
The issuer's governing documents and policies
If Prohibited Persons, directly or indirectly, hold in the aggregate 50% or more beneficial ownership or control of any entity, such entity may also be prohibited from subscribing for, acquiring, or redeeming IXRWA tokens.
Jurisdiction-Based Restrictions
Individuals residing in or citizens of, and entities organized under the laws of or with a principal place of business in certain jurisdictions may be subject to additional eligibility requirements. These persons ("Restricted Persons") must satisfy specific criteria in order to be issued IXRWA tokens.
The eligibility requirements vary by jurisdiction and may include financial thresholds or investor qualification standards. Such information serves as a guide and does not amend, replace, or supersede the requirements set forth under applicable laws, rules, or regulations.
To onboard with the IXRWA protocol, Restricted Persons will generally be required to:
Produce evidence that they satisfy the applicable eligibility requirements
Certify or declare their eligible status
Please refer to your applicable jurisdiction's laws, rules, and regulations for specific definitions and requirements.
Last updated