Any securities account suitable for receiving shares will suffice. Accounts held at commercial banks are suitable for this purpose. Typically, one cannot open an account at brokerage firms for the purpose of storing OTC securities, but existing accounts can receive shares from crowdfunding. Each Investor is obligated to upload a statement of their securities account (with transactions and balance consealed) during the creation of their investor profile; without this, their investment cannot be finalized. TokePortal does not maintain securities accounts
After the successful closure of Campaigns, two essential operations take place, which can take 8-12 weeks, sometimes longer. The Campaign Owner informs Investors of the expected duration via a newsletter.
– Within 3-8 days after the Campaign closure, all Investors’ total capital must arrive at the Custodian Account, and they must provide the securities account where they will hold the shares. The share embodies the rights contained in the KIIS. A foreign investor can receive their shares on their foreign securities account through what is known as a custodial chain, in which TokePortal participates.
– Then, the Campaign Owner carries out the capital increase: amending the articles of association and registering it with the court of registry. Afterward, the shares are created, which the Investors receive in the account specified in the securities account statement uploaded to their TokePortal profile, from which point they can exercise their shareholder rights. However, this process can take several months. Investors have the right to inquire during this period.
During this time, TokePortal and the Lead Investor verify the fulfillment of the investment (disbursement) conditions according to the KIIS. The Campaign Owner can access the capital in the Custodian Account only with TokePortal’s consent. If the Investment Conditions are not met or if significant risk arises, TokePortal has the right at that moment to refund the money to the Investors from the Custodian Account.
Our article on opening a securities account: [How to Open an Online Securities Account? – TőkeBlog](https://tokeblog.hu/hogyan-nyissal-online-ertekpapiroszamlat)