Gratus Reserve V filed a preliminary Regulation A offering circular with the SEC on September 8 seeking to raise up to $75 million at $1 per unit. The proposed fund would give eligible investors exposure to a portfolio that may include XRP and other digital assets associated with ISO 20022, alongside large-cap cryptocurrencies and precious metals.
Any investor may purchase Class A1 units, subject to applicable Regulation A limits, with a stated $10,000 minimum investment that the manager may waive. Gratus said roughly 95% of net capital raised would be used to acquire precious metals and digital assets, while its strategy could use institutional trading infrastructure such as Coinbase Prime when purchasing crypto assets.
The offering is not yet effective. Gratus cannot sell the units or accept purchase offers until the SEC qualifies the offering statement, and the SEC has not approved the securities or their merits. As of June 30, the company had not begun its planned principal operations or received proceeds from the Regulation A offering.
Source: Gratus Reserve V, LLC.
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