FAQ

No, JKBX only offers individual accounts. Each JKBX account is associated with only one person.

The simple answer is: When we receive royalties for a specific Royalty Share, we will pay those royalties to the eligible Royalty Share holder on a quarterly basis.

But since royalties can be a little hard to understand at first, here’s more detail to help you understand how royalty payments work.

Royalties come from a variety of providers, each of which has its own distribution schedule. The frequency of when investors will receive royalty payments will ultimately depend on the providers’ accounting schedules.

Our goal at JKBX is to make this complex process seamless, predictable, intuitive, and simple. So while there is typically no one-size-fits-all schedule for royalty payments, there will be for you. We will pay eligible Royalty Share holders all of the royalties received each quarter. There may be quarters where no royalties are received, and other quarters where a lot of royalties are received. That is the nature of the music business.

Resetting your password is simple. Log in, navigate to your ‘Settings’ tab, and select ‘Request Reset Password Link.’ You’ll receive a one-time link in your email inbox which will lead you to instructions for creating a new password.

You can also do this at any time by selecting ‘Forgot password?’ on the ‘Sign In’ page.

To link your bank account, go to the Transfers tab and then click “Link a bank account”. You will then need your bank account log in details (username and password) and will be prompted to select and log in to your financial institution account in order to connect your JKBX Custody Account to your bank account.

Once connected, you’ll be able to transfer funds to and from JKBX.

If you have any issues, feel free to let us know by responding to this email.

To unlink your bank account, go to the the Transfers Tab, which can be found [how to get to the transfers tab].  Within the Transfers Tab you will see your linked account. To unlink your account,  click “Unlink”.

Note - You will need to wait until the pending transfer is complete before you can unlink your bank account.

If you’re located outside the U.S. and planning to use a non-U.S. bank institution,  you will need to use a wire transfer to deposit funds into JKBX. This is as easy as 1, 2, 3! Here’s how to do that:

1. Go to your Transfers tab and then scroll down to “Start a Transfer”

2. Next, select Send a Wire Transfer

3. Then, select the amount you wish to transfer and from which bank account. Make sure to confirm that all your details are correct and click submit.

Keep in mind that wire transfers have a fee of $15 for deposits and $25 for withdrawals, and your own bank might have additional fees.

Depositing funds is as easy as 1, 2, 3! Here are the steps:

1. Go to your Transfers tab and then scroll down to “Start a Transfer”

2. Next, select Transfer Money or Send a Wire Transfer

3. Then, select the amount you wish to transfer and from which bank account. Make sure to confirm that all your details are correct and click submit.

JKBX offers both ACH & Wire transfers as methods for depositing funds into your JKBX account. Each method has its own set of limits, which are listed below.

ACH Minimum Daily Deposit: $100.00 USD
ACH Maximum Daily Deposit: $5,000.00 USD

Wire Minimum Deposit: $100.00 USD
Wire Maximum Deposit: No maximum deposit limit

In most instances, the fee for ACH transfers is $0.40. For wires, the fees are $0 for domestic wire deposits and $15 for domestic wire withdrawals.

For international wire transfers, the fee is $15 for deposits and $25 for withdrawals. Keep in mind that your bank may charge you additional fees for ACH or wire transfers.

ACH transfers can take 5 business days to settle. Please note this is an estimate and time ranges may vary depending on your bank, any transfer issues, or other circumstances.

In most cases, wire transfers take between 3-5 business days; however, please note this is an estimate and time ranges vary depending on your bank and possible transfer issues.

You will be able to start purchasing Royalty Shares as soon as your ACH transfer is initiated. However, the purchase will not be completed until your funds clear and have landed in your account.

Please note, ACH transfers (from and to U.S. banks) can take 5 business days to settle. For international wire transfers (from and to non-U.S. banks), these may take 3-5 business days before they become available in your account. Keep in mind these timelines are estimates and may vary depending on your bank.

It's typical to receive additional notifications from Brassica Trust Company, LLC, as part of the standard business process with JKBX. This is due to the requirement for customers to open a custody account with our partner, Brassica, in order to establish an investment account with JKBX.

Brassica Trust Company, LLC is a regulated Wyoming Chartered Public Trust Company that manages custodial accounts on behalf of JKBX.

The selling of Royalty Shares is not yet supported on the JKBX platform. However, we are working to give you the ability to trade your shares on the secondary market and our intention is to make this available on the JKBX platform in 2024. You can read more in our Offering Circular here.

Our fees are contained within the price presented on the JKBX platform. There are no additional fees to purchase Royalty Shares. You can read more about this and find a breakdown of fees in the Offering Circular - which you can find here.

All investing involves risk and may not be appropriate for everyone. An investment in Royalty Shares involves a high degree of risk and should be made only if you are able to bear the risk of and withstand the total loss of your investment. Each listing has an offering circular and you should carefully consider and review all  information relating to any Royalty Shares, including the information under the heading “Risk Factors”, before agreeing to purchase any Royalty Shares.

There are many risks related to an investment in Royalty Shares and the royalties related thereto, which include but are not limited to, among other things, the music’s performance, the music business, and other technological, economic, regulatory, and geo-political factors. 

There is currently no trading market for Royalty Shares, and there can be no assurance that any trading market will develop or, even if developed, may not be available to all holders of Royalty Shares, may not be sustained or may cease to exist in the future, which would adversely impact the market for Royalty Shares and make it difficult, or even impossible, to sell your Royalty Shares. You should be prepared to hold Royalty Shares for an indefinite period of time, as there can be no assurance that Royalty Shares will ever be saleable in any trading market or otherwise.

We are open to international investors that meet their applicable securities regulations, however JKBX is currently optimized for US-based individuals. At this time we only offer English-language customer support in US time zones, and not all product functionality may be available internationally.

Additionally, it's important to note that regulatory and legal requirements may differ between countries, so international investors should ensure compliance with the applicable laws and regulations in their respective jurisdictions.

Music insiders should not be buying any securities that they have material non-public information on or use this information for theirs or others personal gain. We recommend that you speak to your legal counsel if you have concerns about whether information you possess is considered to be material non-public information prior to purchasing any securities on the JKBX platform.

The JKBX platform will enable people the opportunity to invest in music assets. Investing is an industry that is highly regulated. On the real, what that means is, there are rules we have to play by, and rules we think you should know about. That’s why it’s so important we talk about  insider trading and how this can apply to you - whether you identify as an Artist, a Creator, a Manager, or somewhere in between. The purpose of insider trading rules is to prevent insider trading, tipping, or any other misuse of material non-public Information. To be more specific, this is defined as Information that has not been disclosed to the public and would likely be considered important by a reasonable investor in making investment decisions. In other words, if you have information that no one else has, and if you make an investment decision based on that inside information, that means you could have an unfair advantage to make a profit.

Material non-public Information may include, but is not limited to, financial results, changes in expected royalty calculations or expectations, mergers and acquisitions, management or creator changes, regulatory decisions, proprietary company or industry information.

Now that Royalty Shares are available, you will need to place a buy order if you want to add the Royalty Shares to your account.

You can submit a buy order using the steps below.

After you login to your account, use the menu bar to click on the Browse tab.

Navigate to the asset you wish to purchase and click on it, this will take you to the asset’s Details page.

From there, you would use the order ticket to review the price of the asset and select the quantity of Royalty Shares you wish to purchase before clicking the Review Buy Order button.

You will be provided with a confirmation window asking you to review and confirm the information on your purchase. If everything looks correct, you can click on the Confirm Order button.

Congratulations! You just purchased a Royalty Share(s) on JKBX!

If you would like to see the status of your order, or view any other orders you have made, you can click on the Transactions tab from the menu bar.

Reserving Royalty Shares is a non-binding indication of interest to purchase the amount of Royalty Shares you select at the price you indicate. You may not receive the full allocation of shares you reserved, as those shares may become oversubscribed or may not be offered at all.

Reserving Royalty Shares is an opportunity to be among the first investors contacted when the Royalty Shares become available for sale on the JKBX platform. You indicate how many Royalty Shares you're interested in buying, and we’ll let you know when they're officially available for purchase.

Reserving Royalty Shares is a non-binding indication of interest to purchase the amount of Royalty Shares you select at the price you indicate. No money is being solicited from you at this stage of a given offering and, if sent, will not be accepted. You cannot purchase Royalty Shares until, if, and when they become available on the platform. If you indicate an interest, JKBX will contact you to prepare your account for subsequent purchase, and inform you promptly if and when such Royalty Shares become available for sale. You will always be provided with a copy of the offering circular before you are able to purchase any Royalty Shares.

‍Note: Royalty Shares may become oversubscribed or may not be offered at all, and as such, you may not be allotted all, some or any of your entire reservation. Please also keep in mind that while anyone can reserve Royalty Shares, all purchases are subject to successfully completing an identity verification process and depositing funds into your JKBX account by properly connecting it to a financial institution. We take compliance seriously and all our customers will go through an industry-standard Know Your Customer (KYC) verification prior to being able to purchase Royalty Shares.

In general, there are no limits to the amount of reservations you can make. Regulation A, however, limits the amount of Royalty Shares that an investor (who is not an “accredited investor”) can purchase to no more than 10% of the greater of annual income or net worth (for natural persons), or 10% of the greater of annual revenue or net assets at fiscal year-end (for non-natural persons). As such, you should not reserve (or indicate interest) in amounts greater than the Regulation A purchase limitations. Importantly, note that any “reservation” made is primarily used by the issuer to assess interest in the contemplated offering of Royalty Shares and does not require you to buy, or require us to sell to you, any specific amount of Royalty Shares.