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Seed Round

Ends December 31, 2022

Assetcoin Capital Fund

“Our basic philosophy is that all humans should have fair access to capital and financial resources.”

$16,015

TOTAL RAISED

37

INVESTORS

$50M

VALUATION

$1.00

PRICE PER SHARE

$10.00

MIN INVESTMENT

Class A Common

SHARES OFFERED

Equity

OFFERING TYPE

$5M

OFFERING MAX

RegCF

OFFERING

 

Virtual Pitch Deck

Assetcoin Capital Fund, LLC's mission is to invest capital in urban communities across America. The fund’s concentration is mortgage lending, real estate development, construction projects, and qualified early-stage growth companies which create jobs and a financial return for investors. Assetcoin intends to disrupt and expand the financial market domestically using its proprietary Alternative for Collateralized Loan Obligations (ACLO) product.

Business Description

Serving America’s Urban Communities

 

Assetcoin Capital Fund's focus is on urban America. At the core of its business model, the company provides investment advisory services to ensure the growth of the fund. The company is exempt from registration under the Investment Company Act of 1940 and its securities are not registered under the Securities Act of 1933, as amended.

 

The company raises capital from investors in exchange for equity in the form of security tokens (A$$ETcoins). The monies raised will help fund operations and develop urban communities by way of investments in mortgages, real estate acquisition, construction projects, and qualified early-stage growth companies that create urban job opportunities. The aim of the company is to invest wisely, make a profit and share those profits with its investors.

 

The company is governed by a strict set of criteria and investment guidelines in accordance with the U.S. Securities and Exchange Commission. Investment advice is provided by Assetcoin Capital Fund and is subject to the discretion and control of the Board of Directors. The investment parameters are established and outlined in the governing agreements or offering documents of the fund.

Problem

Problem 1: Homeownership – Access to Credit

The wealth gap continues to grow; although homeownership is the single greatest asset for many individuals and families today, access to homebuying capital remains a key front-line issue. With black homeownership declining to lows not seen since the 1960s, a large mortgage-ready population remains underserved by financial institutions. These underserved communities represent both the future of this country and a major business opportunity; therefore, to ensure the American Dream (homeownership) remains within reach, a guaranteed pathway must exist for all qualified homebuyers.

Problem 2:  Build Back Better – Racial Inequality

Citigroup Investment Bank and Financial Services reported that an estimated $16 trillion is lost in GDP due to racial inequality in the United States. “Racial inequality has always had an outsized cost, one that was thought to be paid only by underrepresented groups,” said Raymond J. McGuire, Vice Chairman of Citigroup and Chairman of Banking, Capital Markets, and Advisory. “What this report underscores is that this tariff is levied on us all, and particularly in the U.S., that cost has a real and tangible impact on our country’s economic output. Now, more than ever, we have a responsibility and an opportunity to confront this longstanding societal ill that has plagued Black and brown people in this country for centuries, tally up the economic loss, and as a society, commit to bringing greater equity and prosperity to all.

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Wealth Building Matters

Solution

Solution 1:  Homeownership

 

Underserved communities represent a missed opportunity for lenders and investors and Assetcoin has emerged to help those communities waiting in distress for a life-sustaining solution.  Lenders can tap into the potential through existing products, incentives, fees, and partnerships; doing so, increases volume and revenue for lenders.  In addition, benefits the bank Community Reinvestment Act goals and Government Sponsored Enterprises (GSEs) in their Duty to Serve (DTS) rules. Most importantly, unlocks credit access for our underserved communities allowing them to achieve homeownership and build wealth.​

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Solution

Solution 2:  Building a Bridge to the Future

 

​We agree with Raymond J. McGuire and Citigroup, Black and brown lives do matter, and it is time for all of us to tally up the economic loss and commit to bringing greater equity to those urban communities waiting in distress.  At Assetcoin we see ourselves as a catalyst for change; as such, have launched the next generation digital token (A$$ETcoin®) as a bridge and vehicle to homeownership, community renewal, and job development in urban America. For the next generation of digital currency to succeed, it must incorporate three components; it must be adaptable to urban America, serve as a bridge to the future, and serve as a pathway to generational wealth.

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Proprietary Business Model

Assetcoin’s Proprietary ACLO Product Demands a Place at the Funding Table

​Assetcoin intends to disrupt and expand the financial market domestically using its proprietary Alternative for Collateralized Loan Obligations (ACLO) product.

 

ACLO is designed to:

  • create opportunities for responsible homeownership and asset acquisition. 

  • reduce the risk and cost of asset acquisitions.

  • protect the lender/investor through the life of the loan.

  • incentivize and protects the borrower by providing a wealth-building component to assist or help the borrower guard against future financial crisis. 

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Traction and Customers

Assetcoin Capital Fund does not have customers in the traditional sense. 

Investors

Assetcoin Capital Fund currently has investors in the company.

Become an Investor

Why Invest​

​​Generally, ground floor opportunities like this never reach urban America and only reach the masses after wealthy investors have positioned themselves ahead of them. Assetcoin by design has made it affordable for everyday common folks with not a lot of resources to become an investor in Assetcoin.

 

The Minimum Investment is only $10.00. Assetcoin is seeking $5,000,000 in this seed round, so the opportunity will not last long. The Current Selling Price is $1.00 Per Coin.  

Investment Incentive Bonuses

Incentive Bonuses

Note:  Bonus shares are all calculated once the offering is completely closed. This benefits investors by allowing them to make multiple investments over time and accumulate investment/bonus totals.

Market Projections

 

The lack of origination in underserved communities is a missed opportunity for lenders. Homeownership is still affordable for far more people than have been given the opportunity to achieve it. A 2017 data set compiled by Freddie Mac, ”Future Borrowers: Challenges and Opportunities” demonstrates that there were over 36 million people across the country who were credit-ready and have not yet purchased a home. Another study released by the Urban Institute in 2016 showed that conservatively, over 5.2 million qualified people did not access credit from 2009-2014. Little has changed in the lending and the business model in the past 5 years. We extrapolate that number to estimate that over 10 million mortgage-ready homebuyers are going underserved in 2019. By successfully lending in underserved communities, lenders stand to conservatively increase their loan volume by at least $1.5 Trillion.

 

The Citi GPS Report identifies the underlying causes of the racial and economic gaps exacerbated by the COVID-19 pandemic and discusses the value of closing gaps. Report authors prognosticate that if racial inequity gaps were closed today, the equivalent add to the U.S. economy over the next five years could be $5 trillion of additional GDP or an average add of 0.35 percentage points to U.S. GDP growth per year and 0.09 percentage points to global GDP growth per year

About

 

Assetcoin Capital Fund LLC (Assetcoin) is an innovative mortgage financing and lending institution centered around an ecosystem of companies designed to support cutting-edge asset-based lending across a Blockchain platform.

The lack of access to capital limits financial choices and opportunities in underserved communities; likewise, ASSETCOIN has emerged to provide a solid foundation on which a community can grow and prosper by providing new innovative avenues to homeownership, business ownership, and asset acquisition.

Mission

Provide Capital Challenged Communities in both domestic and international markets with a new lending structure using Tokenization (A$$ETcoin®).

Vision

Become the “Next Generation” Global Real Estate Lending Platform (driven by Blockchain and smart contracts)  to make; HOME OWNERSHIP, BUSINESS OWNERSHIP & ASSET ACQUISITION a possibility for everyone especially capital-challenged communities.

 
 

Team

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Rev. Duane A. Quamina

Senior Manager, President, and CEO

Rev. Quamina is an innovative business professional with over 30 years of experience. He is a refined businessman with exemplary people skills. He has experience bridging gaps between business and community concerns, and government agencies. He can facilitate a team approach to achieve organizational objectives while helping to educate the community and all stakeholders. He easily grasps and can put into application new ideas, concepts, methods, and technologies. He is an innovative and self-motivated team builder with exceptional leadership, organizational, oral/written communication, interpersonal, analytical, and problem-solving.

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Ms. Burena Morris, MBA

Senior Manager, Chief Operations Officer

Ms. Burena “Bree” Morris has earned three degrees, an Associate of Science in Business Administration, a Bachelor of Science in Social Entrepreneurship, and an MBA with a concentration in Entrepreneurship. As a certified Grant Writer and Microsoft Office Specialist and Trainer, Bree is a proven professional in business operations, communications, and policy management in various industries; including, investments and banking, construction, real estate, telecommunications, retail, and the cannabis industry. Ms. Morris has 35+ years of experience in business management possessing exceptional talents including; strong English, Writing and Communication skills, Executive Office Management, Marketing, Social Media, Desktop Publishing, Website, and Graphic Designing (Creative Cloud). Ms. Morris specializes in managing day-to-day operations to ensure the entire organization runs efficiently; specifically, implementing and evaluating operation processes and procedures in accordance with company standards. In addition to, ensuring operational processes stay within agreed-upon budgets and timelines; as well, as, assisting the CEO in developing strategies and implementation plans to improve operations. In addition to her responsibilities, she is founder and CEO in two billion dollar industries (virtual assistants and cannabis); at the same time, dedicates her time and entrepreneurial talents to helping startup companies and small businesses both in the U.S. and abroad. As COO and Senior Managing Partner, Ms. Morris also serves as Madam Secretary on the Board of Directors.

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Mrs. JaJuan Williams, CPA, MBA
Chief Financial Officer

Self-motivated and results-driven to succeed, Mrs. JaJuan Williams, BA, CPA, MBA, AICPA is a seasoned professional who has constantly set her goals to keep pace with her highest aspirations for personal excellence. Throughout her career, she has exhibited exemplary teamwork, expertise, integrity, and dedication. With more than 18 years of work in the financial services field, Mrs. Williams is a Certified Public Accountant and Forensic accountant who started her career in corporate accounting as a Senior Regional Accountant in higher education accounting. She founded McClain, Harris & Associates in 2007; the full-service accounting firm was rebranded to CFO Benefits Inc., in 2014. In her role as Chief Executive Officer of the accounting firm, she manages and motivates a team of finance professionals who provide expert tax, payroll, and accounting services for a vast array of clients, specializing in Start-Ups, SaaS companies, eCommerce, and Non-Profits to name a few. Mrs. Williams specializes in internal controls, forensics, audit and audit assistance, and strategic and operational growth. She works tirelessly with business owners to implement solid solutions that help them succeed financially. Her skills and expertise include reviewing financials, developing corporate management strategies, fulfilling grant requests for nonprofits, preparing financial presentations for investors, identifying cost savings and areas of improvement, managing accounts receivables and payables, and auditing bank statements. In addition to her responsibilities as Chief Financial Officer for Assetcoin Capital Fund, Mrs. Williams also serves on the Board of Directors. Mrs. Williams is also President and founder of The Lady CPA Network a non-profit organization aiding in the advancement of African American women in the accounting and finance profession. The goal of TLCPA is to provide a network and platform for African American women in accounting and finance as a support system and collaborative body of professionals; to offer scholarships, mentorship, internships, entrepreneurial assistance, guidance, and opportunities for women who aspire to be in the profession, as well as educational support and continuing education. TLCPA's goal is to increase the visibility of African American women at the executive and partner level within the accounting and finance profession.

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Mr. Allen Redic, MBA

Senior Manager, Executive VP of Construction and Evaluation

Allen Redic has earned a Bachelor of Science in Business Administration, and he also carries an MBA specializing in Human Resource Management. Mr. Redic is responsible for managing the residential and commercial real estate construction, development, and renovation operations. He will manage the contractors and worksites to assure the timely completion of all projects. In addition, he will be responsible for quality control of all projects. Allen is a proven construction industry professional with more than 25 years of construction experience. He has been a key member of every organization of which he has belonged bringing “Hands-On” construction expertise as well as leadership ability. Allen has held the following positions throughout his construction career, Carpenter, Carpenter Foreman, Field Superintendent, Estimator, and Project Manager, which attributes to his well-rounded construction experience. In the managerial phase of his construction career, he was responsible for projects ranging from 100K to 100M, successful in these critical roles he was driven by his ability to create realistic project budgets, develop achievable construction schedules, scrutinize competitive estimates, procure cost-effective materials as well as develop and manage skilled workforces while directing the efforts of his back-office personnel. Allen’s stellar reputation in the construction industry was achieved by successfully leading progressively demanding projects, including, but not limited to high-rise commercial buildings, college dormitories, retail shopping malls, and residential housing developments. His professional construction reputation is built on paying close attention to details and ensuring projected completion targets are achieved promptly with quality workmanship and within budget. Mr. Redic also serves as Treasurer on the Board of Directors.

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Mr. Wayne King

Board Member

Mr. King is a retiree from the Philadelphia Redevelopment Authority for the City of Philadelphia. He has held numerous positions from 2000 until 2014 including the Director of Housing Construction (2000-2004), Director of the Department of Design and Construction (2004-2010), and the Director of Construction Maintenance Department (2010-2014). Mr. King has over 34 years of experience in various government housing; including, housing construction, community development departments, and quasi-government agencies. In addition, he has managed, monitored, and closed over $600 million in development for the Philadelphia Housing Development Corporation, the City of Philadelphia OHCD, and the Philadelphia Redevelopment Authority. Mr. King's management skills included project plan review, project team coordination, RFP issuance for professional services, and oversight of professional service contracts. He has extended experience with environmental actions including Phase I & II, tank removal, asbestos remediation RFP/ contracts, and PADEP coordination. Mr. King managed the departments of site improvement, housing construction, 1% Art, special projects, Maintenance, office facilities, and the environmental unit. Mr. King attended Macalester College and is presently a member of the Utility Resources and Infrastructure Group in Philadelphia, PA. He continues to volunteer in the Philadelphia community on several projects including but not limited to the Strawberry Mansion Community Development Corporation Board of Directors, a member of the East Park Coalition of Strawberry Mansion, The Discovery Center Community Engagement Board, the West Parkside Sports & Education Group Steering Committee and the Sultan Jihad Ahmad Community Foundation. He is also a member of St. Martin De Porres Catholic Church and sits on it Finance Committee.

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Ms. Rhonda Coleman, Esq.

Board Member

​Rhonda S. Coleman, Esquire has earned several degrees: an undergraduate degree in English from Christian Brothers University, a Master of Arts from the University of Memphis, and her Juris Doctor (JD) from Loyola University of Chicago where she was admitted to the bar in 2013. Ms. Coleman has also studied at the University of Beijing’s School of Business and Economics and at the University of Granada in Spain. As a distinguished attorney, Rhonda Coleman concentrates her practice on contracts and deal negotiations across industries; particularly technology, food, sports & entertainment, manufacturing, insurance, and consumer products. Previously serving on the Transactions Contracting team of Accenture, Ms. Coleman has experience negotiating high-stakes multi-million-dollar deals with large corporations. In addition, serves as outside general counsel to Moon Meals - a startup food company that was affiliated with the Polsky Institute of University of Chicago in its early days. She currently mentors tech entrepreneurs at Polsky. Having consulted for the St. Louis Chess Club; (the world’s premier chess club), she also managed international professional chess player and world championship challenger Fabiano Caruana. As a loving wife and proud mother of three teenagers, Rhonda, and her husband reside in the Hyde Park neighborhood of Chicago where she enjoys films, literature, music, cooking, and traveling. As a board member, Ms. Coleman serves on the board of directors of several non-profits; including, the Menomonee Boys and Girls Club of Chicago and the Chicago Chess Foundation. She formerly co-chaired the corporate counsel committee of Black Women Lawyer’s Association in Chicago.

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Mr. Gregory "Bo" Kimble

Board Member

Gregory “Bo” Kimble has a Degree in Communications from Loyola Marymount University. Mr. Kimble has been a well-known personality since his college days at Loyola Marymount where he led the nation in scoring and played alongside the late Wilson “Hank” Gathers. Bo later went on to have an NBA career as a lottery pick for the Los Angeles Clippers and New York Knicks. After Mr. Kimble retired from the NBA he served as a board member for the retired NBA Players Association; because of his accomplishments on the court and positive role model for youth – on July 17, 1990, Los Angeles County declared it to be “Bo Kimble Day”. Later on, he starred in the 1991 movie “Heaven is a Playground” as fictional high school student Matthew Lockhart. Mr. Kimble founded the 44 For Life Foundation in honor of his friend Hank Gathers. 44 For Life is a non-profit organization dedicated to reducing cardiac-related fatalities. Mr. Kimble has a very personable persona; along with, the flexibility to interact with ease in various professional environments and has relationships with many potential investors.

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Rev. Shabree Crisdon, MBA

Board Member

Rev. Shabree Crisdon has earned several degrees: an undergraduate degree in Studio Arts, and Art Technology with a minor in Psychology from Rutgers University College of Arts and Science. Rev. Crisdon also earned her M.S. degree in Arts Administration from Drexel University College of Design Arts. In addition, has earned multiple certifications; Educational Leadership Supervisor from New Jersey Excel Leadership Program, a Special Education Teacher of the Handicap Certification from Rowan University, and Expressive and Performing Arts Facilitator Certificate, Therapeutic Arts from Salve Regina University, an Art Certification Studio Arts & Art Technology from Rutgers University and a Certification of Training in Small Business Development from Rutgers University School of Business. As a distinguished educator, Rev. Shabree Crisdon prepares daily lectures, lessons, special activities, and other materials to accommodate individual learning skills. In addition, prepares periodic examinations and Individual Education Program (IEP) reports to measure scholastic knowledge and current skill abilities while helping students apply artistic processes and skills. Rev. Crisdon is an enthusiastic and personable communicator, skilled in delivering creative presentations and developing positive relationships with students and staff. In addition, has years of experience working with professionals from various backgrounds and interests. In addition to her responsibilities, Rev. Crisdon serves as a board member of Assetcoin.

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Mr. Mark Anthony Cook

Board Member

Mark Anthony Cook serves as the CEO of OpesONE, a global leader in high-performance Inter-Blockchain Communication software. The company helped publish the OPES blockchain protocol, called OPESChain. Since then, OpesONE has continued to develop and optimize the Global Financial Engine, cultivating decentralized autonomous communities, leading to more interaction, better ideas, and greater value. These are the organizations that will be the backbone of the OPES Ecosystem, drivers in creating its own new global economy. Prior to serving as CEO of OpesONE he built several successful companies. One residing in the state of his birth, Michigan. As one of nine children, he has always been part of a close-knit “team”. He believes education and knowledge are essential. He’s a graduate of Michigan State University and was appointed, by the Governor of New Jersey, to serve on the State Library Commission. Mark Anthony credits his success to a heavenly Father and parents who instilled honest Midwestern values, hard work ethic, and tenacity as building blocks for achievement. With over 20 years in the financial industry, he holds several financial designations including series 7, series 63, and series 24. According to Mark Anthony, experience, temperament, integrity and a willingness to work makes great leaders. He currently employs over 2,000 partners.

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Ms. Tracey Johnson, MBA

Board Member

Ms. Tracey Johnson, MBA, PMP, LPN, LSSBB, CSM has over 20 years of experience in the healthcare industry. She received her MBA from the University of Hertfordshire, United Kingdom. Tracey is also a Certified Project Manager and has over 10 years of experience in Project & Business Management, and Administrative and Document Processes, which includes Customer Success. Ms. Johnson is a business owner, entrepreneur, consultant, and designer. She is the CEO of Allied Technical Institute of Florida; an educational institution organized to promote and empower minority women in the study and employment of Healthcare and Technology Management. As a serial entrepreneur, Tracey has authored six books, is a published screenwriter and produced three indie films, and has designed and introduced 3 adult and family board games into the marketplace. In her free time, Tracey enjoys spending time with her family and close friends. She is the proud mother of 5 children and 2 grandchildren. Her favorite pastime is reading spiritual and educational literature. In addition to her above duties, Tracey serves as a board member of Assetcoin.

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Ms. Celeste Ballard, MBA

Board Member

Ms. Celeste Ballard is a business professional with over 20 years of experience in accounting and mortgage lending. She received her MBA from Long Island University, Brooklyn, New York, and her Bachelor of Science in Legal Studies from John Jay College of Criminal Justice, New York, NY. Ms. Ballard is a dedicated professional and has prepared mortgage loans from application to closing; reviewed contracts, title, and survey reports of real property requested UCC searches. She has researched properties and valuations; reviewed credit reports and completed financial screenings, assisted with compliance for legal, financial, and administrative projects, completed expense reports, processed payments, and contacted vendors regarding products and services. Ms. Ballard currently serves as an account payable coordinator in New York City, for a very large company that has been in existence for over 100 years. In her duties, she performs day-to-day financial transactions, including, verifying, classifying, and recording accounts payable data, processing payments in compliance with financial policies and procedures, and reconciling accounts payable ledger to ensure that all bills and payments are accounted for and properly posted. Ms. Ballard is a licensed notary. In addition to her above duties, Ms. Ballard serves as a board member of Assetcoin.

 
 

Business Partners

Business Partners

FINRA Broker-Dealer

Andes Capital Group, LLC

Contact:  Curtis L. Spears, President & CEO

Address: 205 West Wacker Drive, Suite 610
City/State/Zipcode:  Chicago, IL 60606 USA

Contact Number:  312-376-4500

Email:  cspears@andescap.com

Website:  HOME | andescap

SEC Transfer Agent

KoreTransfer USA

Contact:  Amanda Grange, Transfer Agent Specialist

Address:  1 World Trade Center, Suite 8500
City/State/Zipcode:  New York, NY 10007

Contact Number: 647-965-8268

Process Time: 1 - 2 weeks

Delivery Time: 1 - 2 weeks

Email:  amanda@koreconx.com

Website:  KoreConX All-In-One Platform

Escrow Agent

Enterprise Bank & Trust

Contact:  Jermee Jones, Senior Vice President SBRM

Address:  12695 Metcalf Avenue

City/State/Zipcode:  Overland Park, KS 66213​

Contact Number:  913-234-6413

Email:  jjjones@enterprisebank.com

Website:  www.enterprisebank.com/

Payment Solution Provider

SecureTranz LLC

Contact:  Lane Dorsey, Managing Member

Address: 6460 South Quebec Street
City/State/Zipcode:  Centennial, CO 80111

Contact Number: 888.304.2025

Email:  lane@securetranz.com

Website:  Home - SecureTranz

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