Initial Coin Offerings Surge Past $4 Billion—and Regulators Are Worried – WSJ

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HONG KONG—Money raised from initial coin offerings has surged past $4 billion for the first time, even as regulators world-wide have escalated warnings about the new form of corporate funding. An initial coin offering, or ICO, is a method of corporate fundraising that circumvents traditional capital markets. Typically tech startups, many involved in the digital-currency sector, raise money from investors in exchange for newly created digital coins or tokens, which they can trade. …

Source: Initial Coin Offerings Surge Past $4 Billion—and Regulators Are Worried – WSJ

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