We're here to help

Web3 is positioned as the future of the internet. The vision for this new, blockchain-based web includes digital assets, digital asset securities, decentralized finance, and more.

"Digital asset" refers to an asset that is issued and transferred using blockchain technology, including, so-called "cryptocurrencies", "tokens", and "coins".

"Digital asset security" means a digital asset that meets the definition of a "security" under the federal securities laws. 

Ohanae leverages Web3 to revolutionize the future of equity crowdfunding and trading with 3 distinctive capabilities compared to the industry's current standards:

• Real-time payments & settlement
• 24x7 primary offering and secondary trading
• Custody and digital transfer agent

Equity Tokens are digital representations of traditional securities such as common or preferred stock that are issued and traded using blockchain technology in which, among other things, a blockchain is used as a ledger for recording the transactions in, and ownership of, such securities. An Equity Tokens are akin to a traditional paper stock certificate, except that the Equity Tokens are maintained on Ohanae Blockchain by Ohanae, Inc., a SEC registered transfer agent.

List of countries currently prohibited from using Tokens:

• Afghanistan
• Albania-Kosovo
• Burundi
• Central African Republic
• Congo Brazzaville
• Congo Kinshasa
• Cuba
• Eritrea
• Iran (Islamic Republic of Iran)
• Iraq
• Lebanon
• Liberia
• Libya
• Macao (SAR of China)
• Myanmar
• North Korea (Democratic People's Republic of Korea)
• Russia (Russian Federation)
• Sudan
• Syrian (Arab Republic Syria)
• Somalia
• Venezuela Bolivarian Republic
• Yemen
• Zimbabwe

Two letter country code: ISO 3166-1 alpha-2

1. Discuss any reputational harm Ohanae may face in light of the recent disruption in the crypto asset markets. For example, discuss how market conditions have affected how your business is perceived by customers, counterparties, and regulators, and whether there is a material impact on your operations or financial condition.

With respect to "crypto assets", Ohanae, Inc., ("Ohanae") believes that the term "crypto asset" is interchangeable with "digital asset" as defined in the SEC's policy statement entitled "Custody of digital asset securities by Special Purpose Broker-Dealers" (Release No. 34-90788) (the "Policy Statement"). In the Policy Statement, a "digital asset security" means a digital asset that meets the definition of a "security" under the federal securities laws. A digital asset that is not a security is referred to as a "non-security digital asset." As such, in this letter, we similarly use the terms "crypto asset securities" and "non-security crypto assets" to refer to crypto assets that we believe do and do not, respectively, meet the definition of a "security" under federal securities laws.

Ohanae believes the impact of the recent disruption in the crypto asset markets on Ohanae's current reputation, operations and/or financial condition is negligible. Ohanae emphasizes that it all of its planned operations, both at Ohanae and at Ohanae Securities, will exclusively involve crypto asset securities – in particular, because Ohanae Securities' FINRA applications to act as a "special purpose broker dealer", require Ohanae Securities to limit its business exclusively to dealing in, effecting transactions in, maintaining custody of, and/or operating an ATS for digital asset securities. Ohanae believes that recent disruption in the crypto asset markets has been caused by non-security crypto assets – and therefore, believes this distinguishes its planned operations from companies that deal with non-security crypto assets.

Ohanae acknowledges that its perception by future customers, counterparties, and regulators may be negatively impacted by recent disruptions in the crypto asset markets; however, Ohanae also believes that such events could potentially benefit Ohanae. Ohanae believes that it may be more appealing to these parties due to the key aspects of Ohanae's business proposition that are in stark contrast to the unregulated, off-shore businesses with token offerings based on derivatives or bundles of other crypto assets that have caused disturbances within the crypto asset markets. Ohanae plans to operate within the confines of the existing regulatory environment, employing a business model that focuses solely on tokens that represent traditional equity securities to provide on-demand liquidity to users of the Ohanae Platform.

2. Describe any material risks to your business from the possibility of regulatory developments related to crypto assets and crypto asset markets. Identify material pending crypto legislation or regulation and describe any material effects it may have on your business, financial condition, and results of operations.

Ohanae, Inc., ("Ohanae") does not believe there are any regulatory developments related to crypto assets or crypto asset markets that will have a material effect on its business. Ohanae believes that any regulatory development related to crypto assets and their markets would be targeted at non-security crypto assets, and the companies that deal in non-security crypto-assets. As stated further above, Ohanae (and/or its subsidiary) will exclusively deal in crypto-asset securities. In fact, Ohanae intends to operate under regulatory supervision, namely under the purview of the SEC and FINRA. Ohanae Inc. is a SEC registered transfer agent. Ohanae Securities, Ohanae's wholly-owned subsidiary, intends to operate as a Special Purpose Broker-Dealer ("SPBD") for digital asset securities, licensed by FINRA.

Additionally, Ohanae does not believe there is any material pending crypto legislation that could have a material effect on Ohanae.

3. Describe any material risks Ohanae face related to the assertion of jurisdiction by U.S. and foreign regulators and other government entities over crypto assets and crypto asset markets.

Ohanae, Inc., ("Ohanae") does not believe it faces any material risks related to the assertion of jurisdiction by U.S. and foreign regulators and other government entities over non-security crypto assets and non-security crypto asset markets because Ohanae has no plans to participate in non-security crypto asset markets. In order to meet the requirements, set forth in the Policy Statement to be considered a special purpose broker-dealer, Ohanae Securities' business will be limited to transactions in crypto asset securities.

Ohanae has previously included risk factors in the Offering Statement addressing risks related to the assertion of jurisdiction by U.S. and foreign regulators and other government entities over crypto asset securities and crypto asset security markets, e.g. "The regulatory regime governing blockchain technologies, as well as digital asset securities offerings is uncertain, and new regulations or policies may materially adversely affect the development and utilization of the Ohanae Platform". Ohanae has added disclosure to the above risk factor that, due to recent crypto market disruptions, Ohanae may face heightened regulatory scrutiny from regulatory agencies.

Ohanae is seeking to be regulated under the jurisdiction by the U.S. by registering with FINRA and operating under the circumstances set forth in the Policy Statement.

4. Describe any material risks related to safeguarding Ohanae and affiliates', or Ohanae customers' crypto assets. Describe any material risks to Ohanae business and financial condition if your policies and procedures surrounding the safeguarding of crypto assets, conflicts of interest, or comingling of assets are not effective.

Ohanae, Inc., ("Ohanae") has included numerous risk factors in its Offering Statement regarding the risks of Ohanae Securities' operating as a Special Purpose Broker-Dealer (SPBD) for the purpose of acting as a custodian of digital asset securities. Ohanae believes it has adequately addressed material risks applicable to the operations of Ohanae Securities and Ohanae regarding any of its failures to safeguard both digital and fiat assets of customers of the Ohanae Platform. Ohanae further notes that it does not believe there is any material risk of comingling of Ohanae assets with customer assets, as the Company's account is maintained at different FDIC approved banks, where customer assets are maintained in the FBO (For Benefit Of) client account.

5. Describe any gaps Ohanae board or management have identified with respect to risk management processes and policies in light of current crypto asset market conditions as well as any changes they have made to address those gaps.

Neither Ohanae Inc nor Ohanae Securities LLC has identified any material gaps in its risk management processes and policies in light of current crypto asset market conditions. As such, no changes have been made to any such processes or policies in response to recent crypto market conditions.