Towards Native Digital Securities
Blockchain-based securities: New results, new perspective Security token offerings (STOs) are not initial coin offerings (ICOs) or a subset thereof. In our recent paper, “Security Token Offerings,” we show that…
The Nascent Market of Security Token Offerings
The years 2017 and 2018 saw an influx of ventures raising substantial amounts of money through initial coin offerings (ICOs). The Ethereum blockchain greatly facilitated the spectacular surge of ICOs,…