Initial Coin Offerings: A Growing Method For Blockchain Startup Financing

From: BNA

By Robert Kim

In 2017 there has been a rise in publicity on so-called “ICOs” (Initial Coin Offerings), a method for raising capital used by blockchain startups. These fundraising campaigns, whose name indicates their passing resemblance to IPOs, are sales of digital currency made directly to the public, using blockchain technology to bypass conventional capital markets and regulatory systems and requirements.

They are comparable to the use of blockchain technology for Bitcoin and other digital currencies, which bypass conventional financial institutions and fiat currencies. Like digital currencies in 2013-14, ICOs are currently growing in usage and public attention. They also carry considerable risk of frothiness and fraud and the likelihood of increasing regulator attention.

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